to be specific, they committed to “ returning excess capital to...

to be specific, they committed to “ returning excess capital to shareholders as quickly and efficiently as possible” The emphasis clearly on efficiently.

They explained why the recent Special Dividend was not fully franked, ( AASB23 to 17) plus tax timing, and going forward we can expect any special to be fully franked. Many retail holders prefer FF dividends, so from an efficiency perspective, they would rather wait for a FF dividend, when possible.

the buy back is restricted by market rules, volumes, and price levels. Again, all clearly covered by the company.

If people don’t like how a company operates, they can always shift their support to ones they do.