Labor policy to stop refunding franking credits

Franking credit inquiry heading to seats held by Tim Wilson, Kelly O’Dwyer

The Parliamentary inquiry into refundable franking credits has scheduled four public hearings in Victoria – all of them in seats held by the Liberal Party, including the one held by Chair of the inquiry Tim Wilson. A House of Representatives Committee has been conducting an inquiry into the ‘implications of… Read More »Franking credit inquiry heading to seats held by Tim Wilson, Kelly O’Dwyer

Labor’s non-refundable franking credit policy unfairly targets SMSFs

Labor’s policy to stop most refunds of excess franking credits unfairly targets SMSFs, the SMSF Association has told an inquiry into franking credits. The House of Representatives Standing Committee on Economics has been conducting an inquiry into refundable franking credits – effectively an inquiry into the opposition’s policy to stop… Read More »Labor’s non-refundable franking credit policy unfairly targets SMSFs

Largest LIC asks for shareholder views on Labor franking credit policy

Four companies ASX-listed companies have written to their shareholders to ask for their views on Labor’s franking credit policy. One of these companies is Australian Foundation Investment Company Limited (AFIC), which is Australia’s largest Listed Investment Company and has a market cap of over $7 billion. “You may be aware… Read More »Largest LIC asks for shareholder views on Labor franking credit policy

Australia Institute runs full page ad in support of franking credit policy

The Australia Institute has bought a full page advert, and started a petition, in support of Labor’s policy to stop most refunds of excess franking credits. The ad ran over the weekend in The Saturday Paper: The Australia Institute calculates that the money raised from stopping refunds of franking credits… Read More »Australia Institute runs full page ad in support of franking credit policy

Words that matter. What’s a franking credit? What’s dividend imputation? And what’s ‘retiree tax’?

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University. You’re forgiven for being confused. Newspapers need to economise on words. Television and radio reporters need to economise on seconds. So they use shorthand: words like “dividend imputation”, “franking credits”, and yes, “retiree tax”. Which is fine if… Read More »Words that matter. What’s a franking credit? What’s dividend imputation? And what’s ‘retiree tax’?

Labor calls for Tim Wilson to resign Chair of Committee running franking credit inquiry

Labor has called for Liberal MP Tim Wilson to resign as Chair of the House of Representatives Committee conducting an inquiry into refundable franking credits. Labor claims that Tim Wilson has a conflict on interest, following from a report in the Sydney Morning Herald detailing connections between Tim Wilson and… Read More »Labor calls for Tim Wilson to resign Chair of Committee running franking credit inquiry

Stop the Retirement Tax website criticised, registrations not required

The Parliamentary website of the franking credits inquiry says it is the official page of the inquiry and that pre-registration for public hearings is not required. This is despite the fact that the criticised Stop The Retirement Tax website has been registering attendees. Breaking: Labor have called for Tim Wilson to resign as Chair of the Committee conducting the inquiry into refundable franking credits, claiming a conflict of interest The House of Representatives Standing Committee… Read More »Stop the Retirement Tax website criticised, registrations not required