Hi, "the kind of arrangement described in the article (above), mostly dies with the changes to discretionary trusts that are part of the Labor tax changes. A long overdue reform." Isn't that an acknowledgement of such?" The government can indeed make changes that work and achieve the aims that they wish. The problem with the change we are discussing, franking credits, is that the structure of the change to retirement income taxation, does not, and cannot achieve the aims needed. Those aims should be to raise tax in a fair, efficient manner. Cheers
