Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 100

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 100
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ation of Dividends

Australia operates a dividend
imputation system under which dividends may be declared to be “franked” to the extent of tax paid on company profits. Fully
franked dividends are not subject to dividend withholding tax. An exemption for dividend withholding tax can also apply to unfranked dividends
that are declared to be conduit foreign income, or CFI, and paid to Non-Australian Shareholders. Dividend withholding tax will be imposed
at 30%, unless a shareholder is a resident of a country with which Australia has a double taxation agreement and qualifies for the benefits
of the treaty. Under the provisions of the current Treaty, the Australian tax withheld on unfranked dividends that are not declared to
be CFI paid by us to a resident of the United States which is beneficially entitled to that dividend is limited to 15% where that resident
is a qualified person for the purposes of the Treaty.

If a Non-Australian Shareholder
is a company and owns a 10% or more interest, the Australian tax withheld on dividends paid by us to which a resident of the United States
is beneficially entitled is limited to 5%. In limited circumstances the rate of withholding can be reduced to zero.

Tax on Sales or other Dispositions of Shares - Capital
gains tax

Non-Australian Shareholders
will not be subject to Australian capital gains tax on the gain made on a sale or other disposal of ordinary shares, unless they, together
with associates, hold 10% or more of our issued capital, at the time of disposal or for 12 months of the last 2 years prior to disposal.

Non-Australian Shareholders
who own a 10% or more interest would be subject to Australian capital gains tax if more than 50% of our direct or indirect assets, determined
by reference to market value, consists of Australian land, leasehold interests or Australian mining, quarrying or prospecting rights.
The Treaty is unlikely to limit Australia’s right to tax any gain in these circumstances. Net capital gains are calculated after
reduction for capital losses, which may only be offset against capital gains.

Tax on Sales or other Dispositions of Shares - Shareholders
Holding Shares on Revenue Account

Some Non-Australian Shareholders
may hold shares on revenue rather than on capital account for example, share traders. These shareholders may have the gains made on the
sale or other disposal of the shares included in their assessable income under the ordinary income taxing provisions of the