I don't know why you guys arguing on this. It's so simple. A company pay $100 + 0 franking credit is exactly the same as a company $70 + $30 franking credit. In fact i would say $100 without franking credit is better because your cashflow is better, you can earn interest on the $30 franking. So I agree with@Krugerrand they makes no difference. When you calculate yield, you calculate on gross up anyway. If you are on 0% tax bracket, you get ATO refund, if your tax bracket is higher than 30% or whatever the franking portion is, you pay the difference between your tax bracket & the franking rate.
Ann: June 2021 Investment Update, page-54
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