Proposal to abolish refundability of Franking Credits, page-96

Do your shares pay dividends with attached franking credits?

Do you lodge a tax return?

If 1 yes and 2 no then you would need to apply for a refund.

https://www.ato.gov.au/uploadedFile...ions-and-application-for-individuals-2018.pdf

I suspect this may be where some of the savings may come for Labor as the ato are running a pilot to automatically refund franking credit cash.

They don’t currently refund if you don’t apply.

They won’t need to refund in the future if they don’t pay cash refunds.

I believe you can still claim refunds from previous years. You should seek some advice.

All imo