Exactly. My fund is not an SMSF but contains shares, some of which have franked dividends. I didn't select them on that basis but the IOOF provider enables shares from the top 300 to be held. That is thus very likely to be paying franked dividends.
Shorten is pretending it hits only SMSF owners and only the wealthy ones at that. Poppycock. Wrong. A larger proportion of the cancellation of the refunded amount will come from the remaining 90%........
