Labor policy to stop refunding franking credits

United Australia Party likely to oppose franking credit change

The United Australia Party is likely to join a number of other minor parties in opposing Labor’s policy to stop refunds of franking credits. “I support franking credits,” says United Australia Party (UAP) Senator Brian Burston on his website. “Retirees should have franking credits, regardless of income.” Under Labor’s policy… Read More »United Australia Party likely to oppose franking credit change

Calling franking credits a ‘gift’ an insult to retirees: Morrison

Prime Minister Scott Morrison has accused Opposition Leader Bill Shorten of insulting retirees by calling refunds of franking credits a ‘gift’. Labor has a policy of stopping refunds of excess franking credits. Shorten used his budget-in-reply speech earlier in April to argue for the policy: “If the tax office pays… Read More »Calling franking credits a ‘gift’ an insult to retirees: Morrison

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