Please contact the ATO or visit the ATO website for more details.
If you received income from overseas, you must show your assessable foreign income, even if tax was taken out of the income in the foreign country. Foreign income that is exempt from Australian tax may still be taken into account to work out the amount of tax you have to pay on your other income. You must show the following amounts:
an assessable dividend (or non-share dividend) from a New Zealand franking company and any attached Australian franking credits.
a supplementary dividend from a New Zealand franking company.
an assessable distribution from a trust or partnership (or share of a partnership loss) that includes Australian franking credits attached to a dividend (or non-share dividend) from a New Zealand franking company.
A dividend from a New Zealand franking company may also carry New Zealand imputation credits. An Australian resident cannot claim any New Zealand imputation credits on an Australian tax return.