Shadow treasurer

Wake-up call for investors facing lower returns in Labor franking plan

Wake-up call for investors facing lower returns in Labor franking plan

Under Australia’s system of dividend imputation, shareholders receive franking credits to account for tax paid at the corporate level, which in most cases is 30 per cent. Credits can be used to offset tax owed by the shareholder.For people who pay little or no tax (such as superannuation funds and retirees), excess franking credits are…


Labor’s negative gearing changes deter new home buyers, poll finds

Labor’s negative gearing changes deter new home buyers, poll finds

‘Chilling warning’Federal Treasurer Josh Frydenberg said the survey results were a “chilling warning about the danger of Labor’s ill-conceived and untimely housing taxes”.”The findings show that not only will Labor’s housing taxes not work as intended, but they will have the opposite effect – driving down new housing supply and construction.”The Treasurer also jumped on…



Morrison shelves Future Fund super default plan amid union backlash fears

Morrison shelves Future Fund super default plan amid union backlash fears

Several government ministers including Treasurer Josh Frydenberg, Minister for Jobs and Industrial Relations Kelly O’Dwyer and Assistant Treasurer Stuart Robert thought a public default fund option had merit and was worth exploring, sources said.But behind the scenes, Finance Minister Mathias Cormann, who has sided with the financial services industry on past policy fights such as…



Future Fund tender plan for superannuation

Future Fund tender plan for superannuation

John Wylie, a high-profile capital markets veteran who is involved with the Oxford university endowment fund, said giving Australians access to the Future Fund would be a “very good” move and better than the commission’s recommendation for a panel of experts trying to pick top-performing funds based on past performance.”The Future Fund is a well…