Where to now for long term investors of Telstra, page-6697

lol lets try this spin on FC's.

You r a sml or LARGE private or public company including super fund co's,or you r a small or LARGE income earner and finally u maybe a smsf..

We as in above all receive our fully franked telstra divs.ie we all receive the same net payment from telstra and with this fc figure included on the dividend statement.
Very simple and clear,smsf's under BS's policy could simply throw their tls div statement in the rubbish bin as the statement had no more value ie fc refund..

End of financial year had labor BS fc policy been approved sml and lge income earners and co's would b rushing to their accountants because the div statement had value ie the fc's.
income earners lge and sml, companies public and private lge and sml and super fund managers lge and sml because the dividend statement had value ie the FC figure which they could use so they didn't have to pay anymore tax..
All excluding smsf's could use their FC's to pay no tax,all get the benefit of the FC's ,the only group that got no benefit from BS's FC policy were smsf's.80% producing approx $37,000 income.
Now go back to the tpg forum and start understanding what it is like to deal with the accc.