The main game is to consider how you will adjust your investment...

The main game is to consider how you will adjust your investment strategies if Labor get this plan through the Parliament. 

REITS don't pay tax in Australia so you can not lose the franking credit. 

Buy any shares that are unfranked where no company tax has been paid here in Australia. There is plenty of time to do your research.

Why buy shares in an ASX listed Exchange traded fund. They will pay the tax at 30% and you will lose the franking credit?  Buy shares in an ETF that is listed in another country, you pay tax in another country but  you get to claim the foreign tax credit for it.

https://www.strongmoneyaustralia.com/franking-credit-changes/