Ann: June 2021 Investment Update, page-32

What is this? Kindergarden?
We can definately move on to your question after we settled the first question.....
Don't avoid the answer by throwing new questions in the mix.
We have to establish common ground based on facts otherwise this will go nowhere and is a complete waste of time.

Taxpayer perspective first.
Then we move to company perspective.
Don't conflate the issues.

1. unfranked - company X pays you a $100 dividend.
after tax assessment, how much do you have in your pocket?

2. franked - company Y pays you a $100 dividend ( $70 on payment date, $30 credit with ato).
after tax assessment, how much do you have in your pocket?