Alp franking credit changes I want a straight answer, page-244

Your question was

"Two identical aged people with identical balances and identical portfolios.
One in a smsf and one in an industry fund.

Are they treated the same under the alp proposal or not?

Don't want bs don't want explanations or justification.

Can someone please just answer the question yes or no? "

So the answer to your question is categorically YES. Each fund (Retail/Industry/SMSF) is treated exactly the same

No fund will be able to claim a refund for franking credits once they reach a ZERO tax situation.