1) Payback to Union industry super funds. They donate money to Labor election funds. This policy will encourage some SMSF to roll over to industry super funds in the Pension phase. When the members of a SMSF stop working their will be no income to write the franking credits off against. So the union super funds will increase funds uder management and collect bigger fees
2) Labor will go to the election and say we are raising $x from this measure. Add to this the estimated savings of
a) $35 billion for not passing on the company tax cuts to larger business
b) Labor will not commit to maintaining tax revenues at 23.9% (current cap) so they can increase the amount of tax raised
c) Plans to tax trust in order to prevent income splitting
d) $17 billion in savings to negative gearing
e) $49 billion in savings by changing capital gains tax rules
