Drilling/Development Schedule, page-311

You are not trying Tinwins. The government did not have to put its hand in your pocket for the the $30, Government legislation requires that a public company pays 30% of a dividend directly to the ATO. This amount is known as a franking credit .How this 30% is handled at tax time I have explained in my previous post. I don't believe that I can make the explanation simpler.

Let me try another way. If you work for someone and get paid wages or a salary then your employer is required to withhold a certain percentage of your wages/salary and send this amount to the ATO. The amount, known as PAY AS YOU GO or PAYG is determined by the amount you earn and is given in the ATO tax tables.

Franking credits and PAYG are basically the same thing. The reason that the ATO does it this way is that it is much simpler to keep Companies and employees honest rather than every shareholder or employee. I.E there are far less companies and employers than shareholders and employees.