US withholding tax will generally be levied on dividends paid to you as a beneficial owner of US securities. The US withholding tax rate is typically 30%, but is generally reduced to 15% under the Australia and US Tax Treaty Agreement. It is applied to the gross profit of your dividend received. The withholding tax has been deducted prior to the dividend paid shown in your movements.
A W-8BEN form or W-8BEN-E form (entities) must be completed in order to claim the lower rate of withholding tax.
Your US Trading account cannot be activated unless we receive a valid W-8BEN or W-8BEN-E form.