Pensioners would retain cash refunds on franked dividends under Labor backdown
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Labor has capitulated to pressure to exempt pensioners from its plan to end cash refunds for dividend imputation credits – a concession that would shave only A$700 million off its large projected savings over the forward estimates.
The “pensioner guarantee” would mean more than 300,000 full and part-pensioners, and people on...
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