DT Agreements: Australia - Income from a UK source paid to a resident of Australia
UK dividends paid to a resident of Australia - portfolio investor
From 1 July 2004: Article 10 of the 2003 Convention
There is no provision for payment of the tax credit attached to UK dividends.
Before 1 July 2004: Article 8 of the 1968 Agreement
The agreement provides for payment of the excess of UK tax after retention of 15% of theaggregate of net UK dividends plus tax credit to the individual beneficialowner of the dividends who is a resident of Australia.
There is no relief available to companies, executors or trustees.