PETER HOWARD is Senior Lecturer in Accounting and Finance at Monash University (Clayton Campus). For eight years he worked as an engineer in the petrochemical and mining industries. He has extensive experience in project evaluation and operations planning as well as staff training courses. He has published in academic and professional journals on lease evaluation and the effects of imputation on dividend and financing decisions. He has extensive teaching experience at both postgraduate and undergraduate levels. His current research interests include capital structure and dividend policy, particularly in the context of the imputation tax system.