Company share dividends that are not subjected to tax. The recipients of these dividends have to pay tax on them at the normal marginal rate.

Share dividends paid by companies which are not subject to Australian tax (or paid by Australian companies, but before the introduction of dividend imputation in 1986). Recipients of unfranked dividends are subject to tax at their normal marginal rate.

Dividends without attaching franking credits under the dividend imputation system.