A Parliamentary Committee will inquire into implications of removing refundable franking credits
The House of Representatives has set up an inquiry into the implications of stopping refunding of franking credits – a Labor policy.
The House of Representatives Standing Committee on Economics will inquire into the “implications of removing refundable franking credits”.
In March Labor announced a policy of stopping the refundability of franking credits, from 1 July 2019. Two weeks later the policy was changed to exempt Age Pensioners and some SMSFs.