gold, page-75280

For others convenience = note: In order to receive a Franking Credits you must hold a share for 45 days.

"Taxation Benefits

Some companies pay dividends to investors AFTER they have paid 30% tax on profits (Australia’s current corporate tax rate). These dividends are referred to as “Franked” and investors receive a credit for the amount of tax already paid (referred to as Franking Credits or Imputation Credits).

For example
A company pays a fully franked dividend of $70 to an investor with a $30 franking credit attached (30% of 100). This means the total dividend before tax paid was actually $100.

The investor must declare the full amount ($100) in their taxable income even though they only received a payment of $70.

At tax time, if the investor had a tax rate of 20% they would be required to pay $20 in tax (20% of $100). As $30 tax has already been paid by the company before distributing the dividend, the investor would receive a tax refund of $10 ($30 - $20).

The opposite would be true for an investor with a tax rate of 45%. As only 30% tax had been paid on the dividend, the investor would be required to pay an additional $15 ($45 - $30 already paid).

Some dividends are distributed unfranked, which means no tax has been paid by the company and tax is payable on the whole amount.

Read the Basics of Franking Credits page for more details.

Note: In order to receive a Franking Credits you must hold a share for 45 days.

Important Terminology

Ex-Dividend Date
Share purchases made on or after this day are not entitled to the dividend. The company's share price will usually fall by an amount equal to the dividend.

Record Date
The day share registries determine who is entitled to the dividend. Anyone who is not a registered shareholder at 5pm on the Record Date will be denied the dividend. As share purchases take three business days to settle, the Record Date is set two business days after the ex-dividend date.

Payment Date
The day shareholders get paid the dividend (usually two to three weeks after the Record Date).

Dividend Reinvestment Plan (DRP)
Some companies allow shareholders to reinvest their dividends back into the company at a discount to the current share price. This is achieved via a DRP."
https://www.marketindex.com.au/dividend-yield-basics