NZ company listed on NZX/ASX Dividends
-With NZ company (MEL NZX) (MEZ ASX)
-When a dividend is payed how does the dividend Tax work?
-If your buy MEZ shares on the ASX and you are non a Tax resident of Australia and New Zealand (Non residents are required to pay 15% dividend Tax)
-When the dividend is payed on the 17th what AUD would end up in your Australian bank account and what Tax would have been paid?
-What currency conversion rate is used (Is it the mid market rate), or is it up to the company to negotiate a rate with an institution?
I understand it is a NZ company and dividend originates in NZD (NZ company tax 28%) (Auz company tax 30%) after that I am getting lost.
Thanks in advance
-This is the NZX
Code |
Ex Dividend |
Period |
Amount |
Supp. |
Imputation |
Payable |
Currency |
MEL |
28 Mar 2019 |
Special |
2.440c |
0.000c |
0.000c |
17 Apr 2019 |
NZD |
MEL |
28 Mar 2019 |
Interim |
5.700c |
0.865c |
1.906c |
17 Apr 2019 |
NZD |
-This is ASXCode |
Company Name |
Div Amount |
Ex Div Date |
Record Date |
Date Payable |
% Franked |
Type |
Further Information |
MEZ * |
MERIDIAN ENERGY |
9.8941c |
27/09/2018 |
28/09/2018 |
17/10/2018 |
0% |
Final |
NZ8.94C+2.44C SPEC+1 .3568CNR;15%WT |
This is the detailed link:
http://nzx-prod-s7fsd7f98s.s3-websit...828/295290.pdf