Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 91

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 91
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 up to the date of this prospectus. The Company is not considered an Australian company
for the years ended September 30, 2022, 2023 and 2024.

Taxation of Australian Resident Holders

Taxation of Dividends

Dividends paid by us on our
Ordinary Shares should constitute the assessable income of an Australian Resident Holder. Australia operates a dividend imputation system
under which dividends may be declared to be “franked” to the extent they are paid out of company profits that have been subject
to income tax.

Individuals and complying superannuation entities

Australian Resident Holders
who are individuals or complying superannuation entities should include the dividend in their assessable income in the year the dividend
is paid, together with any franking credit attached to that dividend.

Subject to the comments concerning
‘Qualified Persons’ below, such Australian Resident Holders should be entitled to a tax offset equal to the franking credit
attached to the dividend. The tax offset can be applied to reduce the tax payable on the investor’s taxable income. Where the tax
offset exceeds the tax payable on the investor’s taxable income, the investor should be entitled to a tax refund equal to the excess.

To the extent that the dividend
is unfranked, an Australian individual Shareholder will generally be taxed at their prevailing marginal rate on the dividend received
(with no tax offset). Complying Australian superannuation entities will generally be taxed at the prevailing rate for complying superannuation
entities on the dividend received (with no tax offset).

Companies

Australian Resident Holders
that are companies are also required to include both the dividend and the associated franking credits (if any) in their assessable income.

Subject to the comments in
relation to ‘Qualified Persons’ below, such companies should be entitled to a tax offset up to the amount of the franking
credit attached to the dividend. Likewise, the company should be entitled to a credit in its own franking account to the extent of the
franking credits attached to the distribution received. This will allow the Australian Resident Holders that are companies to pass on
the franking credits to its investor(s) on the subsequent payment of franked dividends.

Excess franking credits received
by the company shareholder will not give rise to a refund entitlement for a company but may be converted into carry forward tax losses
instead. This is subject to specific rules on how the carry forward tax loss is calculated and utilized in future years.