The surprise move, which was detailed in a draft legislation published earlier this month, has shocked investors who are yet to forget Labor’s proposed crackdown on refundable franking credits in 2019.
Back in 2019, the proposed changes to franking credit refunds led to intense debate among investors, particularly superannuation funds and retain investors, and are widely considered as the primary cause for Labor’s surprise election loss.
Speaking to the media on Monday, Treasurer Jim Chalmers assured that today’s planned changes are “nothing like” those proposed in 2019.
Shared from Investor Daily
