not sure what the ALP is doing but (excluding some low income threshold) it is wrong for superfunds of comfortable & wealthy people to receive refunds of franking credits during both the accumulation & retirement phases
getting a refund of franking credits means the dividend paying company was not taxed on that income you received from the company
Paul Keating brought in the franking system where he stopped double taxation yet ruled franking credits could not be refunded
most of the franking credits refunded, particularly to superfunds, are, in essence, theft
