If I'm not mistaken, the change to franking credits was applied to off-market buybacks only.
The Australian reported the following,"Companies will continue to be able to conduct on-market buybacks or pay franked dividends out of retained profits."
Iron ore price, page-47807
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$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| FMG (ASX) Chart |