So Dave about your franking credit issue.... Think of it this way.... a company makes a million dollars then pays in 270 000 dollars tax to the government..... the company then realise that the cheque of 100 000 banked 2 days before year end bounces... Now Dave do they get at least 27 000 dollars back from the tax office that they payed in? You probably answered yes? Now a person who buys a share or owns a share of that company is entitled to that money. He is the owner of the company that he holds the shares in. Just because he doesn’t go into their office everyday doesn’t mean he is not the owner or part owner. You can’t be that thick to not understand that being an owner or part owner makes him a taxpayer via he’s company taxes.
