News for you. I do not have a SMSF. I do have a superannuation fund. It is with IOOF. Each superannuats has their own portolio of shares and I receive the dividends (which I can identify as to which company dividend is being received, as I have a transaction list telling me exactly what is being received, eg CBA, Telstra, or whatever). Then, when dividend imputation credits are paid into the account I see the exact number of dollars which is the total amount rebates. I have three such annuities like this. It makes it very easy for me to add the three rebated amounts together and know exactly how I personally would be affected by this Shorten initiative.
How are those who hold shares in those types of accounts, counted? The existence of the type of annuity which I own is thus not acknowledged by you, nor did you even know that this super annuity exists. Not a SMSF. I will continue to maintain that the pretence that there is accuracy and awareness of who and in what numbers people will be adversely affected is total BS.
BS himself is now hinting at attempting to reduce the collateral damage by modifying his proposed scheme.
Because I receive rebated franking credits in three annuities and also in my own name, how many people am I? Into what category do I get counted and only as once, twice, three times?
