So, the only time a company issues an unfranked divi is when they have not paid company tax.
So, if a company which at present gives out a franked divi does as you ask, then the cash divi doesn't increase from what it already is, and you get to pay tax on it, without the benefit of a credit.
The cash that you get in your hand is generally higher as it hasn’t tax taken out of it. You get ur paws on the dividend on payment date, instead of waiting till tax time - at least 6 mths earlier for the interim dividend.
Most financial commentators have mentioned that companies that don’t pay frank dividends generally pay a higher rate of dividend
You’re then responsible to pay tax on if need be, thus delaying the govt receiving the 30% portion that normally associated with the tax credit with a franked dividend.
That way if a retiree can’t utilise the franking credit under BS proposal, it won’t matter .
The hard part will be convincing the companies to pay unfranked dividend.
