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Dishonest ALP Franking points, page-33

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jambo12

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31/01/19

01:09

Post #: 37272731
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Originally posted by Just_Westy ↑

Originally posted by jambo12
"This policy started its life under Costello and Howard"

"Franking Credits or Dividend Imputation was first introduced by the Hawk/Keating Government in 1987. Prior to this introduction the Australian Taxation Office (ATO) would tax the company and then the investor on the same income/dividend effectively doubling up."

http://frankingcredits.com.au/2013/02/27/australian-franking-credits-history/
In 1997 the eligibility rules (below) were introduced by the Howard–Costello Liberal Government, with a $2,000 small shareholder exemption. In 1999 that exemption was raised to the present $5,000. In 2000, franking credits became fully refundable, not just reducing tax liability to zero.

https://en.wikipedia.org/wiki/Dividend_imputation

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"This policy started its life under Costello and Howard"

Not true then, like to rephrase in an accurate way?
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