There is no limit but the 45 day rule applies if you make over $5000 in franking credits in one financial year.
As long as you hold shares that pay a dividend for at least 45 days, there is no limit to the franking credits you can make.
Check out this link for more info on the 45 day rule:
https://www.ato.gov.au/Forms/You-and-your-shares-2017/?page=10
Is there a cap on how much franked dividends you can make?, page-4
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