"The intended consequence is that no refunds will be given to...

  1. 23,868 Posts.
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    "The intended consequence is that no refunds will be given to anyone who doesn't pay any tax."


    Umm, franking credits are for TAX that was paid on behalf of the shareholders.  I think what you mean is that they did not make enough money to go over the 18K  income limit...in which case they need to get the tax back that they paid on the shares.  Labour STEALING from the poor.

 
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