I've been purchasing using borrowed money.
I then turned off dividend reinvestment and chose to get the dividend paid directly into my PPOR offset account to help pay down my non-deductible debt faster.
No issues with this approach i hope?
This is a great debt recycling strategy and what I advise clients. you can always wait for a bot of cash to build up and then buy some more shares - paying down the loan and reborrowing first or keeping cash in the offset and borrowing if you have the equity. I also periodically sell, pay down non deductible debt (and tax) and reborrow to buy back.