They don't pass on your franking credit to other customers at all. They just use it to offset any other tax liability at a company level, The credit is still recorded against you at a portfolio level. This is why the Shorten change (costed by the independent PBO) does not affect all tax free retirees.
SMSF's are affected because they don't have company wide tax liabilities to offset all the credits.
All in my "ill informed" opinion.
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