"Since 2000, franking credits became fully refundable, for example let's assume you didn't earn any taxable income for a particular year, if you received a dividend of $700, then not only is the money tax free, you will also receive a refund of $300 from the ATO."
Even with no taxable income, im sure you fill out a tax return?
If you are investing in shares you have some income to declare, even if its below the threshold.
The supplementary tax pack outlines how to claim back any franking credits. It can be a bit complicated depending if its 100% franked or not.
