hi, im fairly new to this. i currently have 1k transfering to my commsec account. ive been interested in the share market for quite some time, for the last 6-8 months ive been doing on and off research on the companies im planning to invest in. i turned 18 last week, so now im able to investing. But the only thing im unsure of is tax the ato website is useless. im just wondering if i need to pay tax for shares and dividends? does 100% franked means i dont need to worry about paying tax?
background info about myself:
im a student, i dont have a job. i have youth allowance.