Franking credit refunds PBO estimates in doubt

Contrary to what several Labor supporters have posted on HC the PBO has not considered superannuation changes since 2014.

Morning Star

The Parliamentary Budget Office says cash refunds for excess imputation credits are costing the budget $4.9 billion a year, based on 2014-15 tax data. The proposal is expected to generate $59 billion in government savings over 10 years.

Shadow Treasurer Chris Bowen says this money could be better spent on services, schools, education and paying down debt.

Note: The PBO notes the modelling does not consider several changes to superannuation and company policy implemented since 2014.