What an absolute menace of an idea. As you said Jimace the tax has already been paid by the company. Perhaps they are talking about unfranked divi's from companies and removing the franking credits from those divi's.
When will they just *&^&* off and leave the people alone. Every other month some big wanker talks about another way to tax the poor working people into poverty. As if we did not pay tax when working on wages, tax on interest on that money in accounts, tax when you take some out of your super and now tax on divi's.
All the while giving big business a huge tax cut.
Any other minor parties want to stop this BS from hapening, Ill vote for you just as a dissruptor to the two big major parties.