Not driven but political preference at all.
You simply saying one can move shares to a pooled fund so therefore everyone can does not make it true. The PBO have access to a greater level of data than the average person and have decided to apply conservative (likely to be less) estimates (15% overall) to the amount that will be lost (to the budget bottom line) due to behavioural changes.
As I stated earlier in a post, SMSF's have 20% of Australian Equities are unlisted and illiquid. They cannot simply be moved to a pooled fund. Many also have SMSF's for asset protection and estate planning. They also may not move purely to get franking credits back.
This is not just 1 person coming up with these costings, it;s the PBO AND Treasury AND Rice Warner. They can't all be wrong can they? I have not seen anyone counter these arguments except to say it won't raise the money because of the vibe!
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Not driven but political preference at all.You simply saying one...
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