Tax Credits on Dividends ANZ and Westpac on NZX

[Snoopy]

It seems not 100% right, Snoopy. You forgot a term - "Double tax agreements" (DTAs or DTA).

The double tax agreement exists between Australia and NZ as you say Bixbite. It applies to withholding tax. I have an Australian bank account and can claim the tax deductions made in Australia from interest earned against my tax bill in New Zealand. Unfortunately the DTA agreement does not apply to Australian franking credits (from an NZ tax perspective) or to NZ imputation credits (from an Australian Tax perspective). The respective finance ministers have talked about recognizing tax payed by companies in Australia in NZ (and vica versa) in both countries. But so far there is no agreement on this point.

SNOOPY