You have to pay tax on anything, whether it is dividend or...

You have to pay tax on anything, whether it is dividend or capital gain. On the other hand, you can buy at 33c and claim a capital loss when hold to the end date. Remember capital loss is more valuable because dividends are easier to be offseted by general deductions while capital gains can only be offset by capital loss.

PS: Chinese resident don't need to pay dividend tax to ATO.