Strategy, page-7

Hi MrKeb

There is a 45 day franking credit rule. It doesn't include the day acquired or disposed of. You may be a long time holder so not affected.
I suspect that the $5,000 franklng credit limit would not affect you, but you could be holding a lot of shares. So?

I found this interesting

The franking credit trading game

There are two quirks related to franking credits in Australia that are relevant to the “trading game” we observe in the Australian share market. First, investors need to buy and own the share for 45 days on and around the ex-dividend day to be eligible for the franking credit. This “45-day rule” is designed to stop investors from buying the share and owning it for one day to collect the tax benefits associated with the franking credit. However, there is a loophole. Investors who collect less than $5,000 in franking credits do not have to abide by the 45-day rule, so they can engage in short-term trading to capture the franking credit by owning the share for only one day.Second, investors who have a marginal tax rate less than the corporate tax rate of 30% can receive a cash refund from the Australian Taxation Office if there are no other tax liabilities for the franking credit to offset. The refund can be as high as 43 cents per dollar of dividends. So $1 of cash dividends can actually be worth $1.43 in cash after-tax for some Australian investors. Both of the above “loopholes” encourage short-term trading by some Australian investors to capture the dividend and franking credit.

cheers Lies