RACV is committed to the highest standards of governance and transparency and welcomes the release of the Australian Taxation Office's Report of Entity Information of Australian public companies for the 2014/15 year.
RACV's taxable income for 2014/15 was $190.4 million. RACV’s taxable income is predominantly derived from its investments and associates' activities, where dividend income is received on a fully-franked basis.
This means income tax has already been paid at source. The amount of income tax paid at source on RACV’s dividend component was $58.0 million in 2014/15 which equates to 30.5 per cent of RACV’s taxable income.