Videen Pty Ltd is an Australian resident private company. All the shares in Videen Pty Ltd are owned by Ellie.
During the year ended 30 June 2020, the following events occurred in relation to Videen Pty Ltd:
1 July 2019
Opening balance of franking account
$100,000
2 July 2019
Payment of dividend franked to 70%
$1,600,000
28 October 2019
Payment of income tax for Videen Pty Ltd
$600,000
26 November 2019
Receipt of dividend from another company franked to 80%
$450,000
31 December 2019
Refund of income tax for Videen Pty Ltd
$750,000
22 February 2020
Receipt of dividend from another company franked to 50%
$430,000
2 March 2020
Payment of dividend franked to 30%
$600,000
31 March 2020
Payment of income tax for Videen Pty Ltd
$250,000
2 April 2020
Payment of fully franked dividend
$800,000
4 April 2020
Payment of NSW State Land Tax
$50,000
30 June 2020
Payment of dividend franked to 40%
$650,000