re: Ann: Telstra's Half Year Results Anno... Whether you can utilise the 6c franking credit all depends on your marginal tax rate.
If your marginal tax rate equals nil, then you can.
If your rate is 30%, then you have to return the 6c to ATO in full and get nothing.
If your rate is above 30%, then you have to return more than 6c to ATO and you actually have a loss.
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