22 mil and we haven't closed for the day, page-5

I posted this on one of the WPG threads. It's about the 45-day rule. It might come in handy for your EXS dividend and franking credits:


http://www.macquarie.com.au/mgl/au/advisers/products-platforms/platforms/macquarie-wrap/wrap-tax/technical-information/45day
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Is there an exemption for small investors?
The 45 day rule does not apply if an investor?s total franking credit entitlement is less than $5,000 in a particular income year. This is roughly equivalent to receiving fully franked dividends of $11,666.