Franking credit reform dead, buried cremated

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Labor’s proposed reforms to franking credits, which were taken to the 2019 federal election, were officially scrapped by leader Anthony Albanese over the weekend:

Federal Opposition Leader Anthony Albanese has dumped Labor’s policy to overhaul franking credits…

The Opposition Leader said the policy had distracted voters from the party’s core messages…

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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.