Just noticed Madamswer's well presented piece. The recent hint...

Just noticed Madamswer's well presented piece. The recent hint of a lower formal tax rate seems to have set the corporate advisory firms on a new mission to extract even more fees by promoting the transfer of dividend franking credits by companies. Many companies in this position and have been contacted by the professionals. As Madamswer points out, the final calculations are not so generous, companies must protect their balance sheets. Also, they should retain some reserve of franking credits for the future. The actual levels are relevant too because obscene professional fees could wipe out the logic of paying a dividend now simply to beat the 30% -28.5% gap. Not to mention it is highly speculative that the Federal Government will even find support for the parental leave policy. Best to stick to pure investment fundamentals than get excited about some possibility of a large one-off dividend payout.