Just another analogy to bring home the point.................
If I start work in a PAYE job say earning $1000/week my employer must deduct taxation based on that weekly amount.
If I stop working at 18 weeks, having grossed $18,000 and paid maybe $4000 in tax, by submitting a tax return I will be refunded the $4000 as I am under the tax free threshold.
Dividend imputations are considered as income and franking credits are added on top the of the dividends received and later deducted.
I would suggest technically there is no difference
