Which of the Following Statements Is NOT Correct

Which of the following statements is NOT correct?

A) In Australia taxation of individuals is based on a progressive tax system.
B) The dividend imputation system effectively removes the double taxation of dividends in Australia.
C) In relation to dividend imputation, a shareholder whose marginal tax is lower than the company tax rate will pay their marginal tax on the dividend received.
D) In Australia dividends on which the company has already paid company tax are called franked dividends.