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The debate continued yesterday over Labor’s pledge to abolish cash refunds of excess franking credits from 1 July 2019 if Labor wins the next federal election, thereby saving the budget $5.6 billion in the first full year, rising to $8 billion a year over the medium term.
The Australia Institute’s (TAI) executive director, Ben Oquist, penned a thoughtful article outlining the case for reform:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.