Thanks for that - a good response that I'll consider when I have time. The only point that I make is that if one's Superannuation invests in a business that is not a company, the income is taxed at the rate applicable to that fund, but if it is a company, about 30% is taxed. I do not like taxation and other structures that discriminate in favour of parking funds in different spots, because it distorts the economy. For example, private homes are over capitalised, in-family arrangements can be made to hide income, and with some thought I could expand on such distortions.
On another issue, the Government hands out money like a drunken sailor, so I hardly fancy giving them more. Also, my stock investing for my SMSF has been biased to the ASX to get the benefit of franking credits, and the Government should not chop and change the rules.
Sorry that I am in a hurry to investigate a stock in which I am interested, so I have not cogitated over your reply as well as is my wont.
