HGO Position, page-60

Election probably in May. Labour in = loss of franking credits / dividend imputation once passed into law.  So need to get these out to SH and delivered this financial year.  I imagine that some Driectors eg GW, have this very well covered.  

Benz - maybe any fully franked distribution on top of any div pay out will be reflected in an increase in SP.  Sell shares and realise profit that way, but pay Aus tax?, and buy back after distribution when SP fallen.  If no benefit in realising the FF Div or whatever.  But maybe the franking credits can be used to offset your Aus tax ????  Or set up an Aus company and put shares into that?  Self as Director, pay wage travel etc?

Summary:  Those franking credits on your shares must be valuable to someone.