Anticipated dividend Feb 19, page-43

Christopher & kangaroo,
Put in simple terms! Say BHP decide to pay you $1 divy unfranked you will pay tax on that dollar. If it is fully franked BHP will pay the tax for you and you get to bank or spend the whole dollar. Now if you happen to be a self funded retiree in pension mode.If BHP pay you an unfranked $1 divy they will pay you the dollar and you get to keep it because retirees in pension mode pay no tax.In the fully franked situation because BHP have already paid tax on behalf of all the shareholders the pensioner who has had tax paid on his or her behalf and does not have to pay tax gets it refunded at the end of the tax year. Now why do people keep making it sound like someones getting something for nothing??.