Company: RDPTF
Filing Date: 2025-09-18
Form Type: 20-F
Source: 0001213900-25-088699
Chunk: 146

Company: Radiopharm Theranostics Ltd
Filing Date: 2025-09-18
Form: 20-F
Item: Item 8
Chunk 146
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 of ADSs,
and the disposal of ADSs should be treated for Australian tax purposes as the disposal of the underlying ordinary shares.

Taxation of dividends

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. Fully franked dividends are not subject to dividend withholding tax when paid to non-Australian
resident shareholders. Dividends that are not franked or are only partially franked and are paid to non-Australian resident shareholders
are subject to dividend withholding tax - to the extent the dividends are unfranked.

Unfranked (or partially franked)
dividends paid to a non-resident shareholder are subject to withholding tax at a 30% rate, unless the shareholder is a resident of a country
with which Australia has a double taxation agreement and that agreement applies to reduce the rate of withholding tax payable in respect
of dividends paid to residents of that country.

In accordance with the provisions
of the Double Taxation Convention between Australia and the United States (US Treaty), the maximum rate of Australian tax on any
unfranked portion of a dividend to which a resident of the United States is beneficially entitled is reduced to:

  15%, where the U. S. resident holds less than 10% of the voting rights in the relevant company, or  

  5% where the U. S. resident holds 10% or more of the voting rights in the relevant company.  

Special rules apply to Regulated
Investment Companies and Real Estate Investment Trusts that hold shares and receive dividends.

Further, the Double Taxation
Convention between Australia and the United States does not apply to impose withholding tax on dividends paid to a non-resident shareholder
where the ADSs are effectively connected to a permanent establishment carried on in Australia, or a fixed base from which independent
services are provided in Australia by the owner of the ADSs. Such income will instead be subject to tax in Australia under the Business
Profits or Independent Personal Services articles of the US Treaty.

Tax on sales or other dispositions of shares - capital gains
tax

Australian capital gains derived
by non-Australian residents in respect of the disposal of capital assets that are not ‘taxable Australian property’ are disregarded.
Non-Australian resident shareholders will not be subject to Australian capital gains tax on a capital gain made on a disposal of ADSs,
unless:

  the non-resident, together