Unless there has been a further announcement today which i'm not aware of, yours and
@WR888 s posts are not technically correct.
I believe old 'BS's (Bill Shorten) is only targeting those holders who do not have income and are therefore effectively claiming the franking credits as a refund from the tax office. So the effect of this announcement (again as i understand it to be...) is targeting pensioners with shares in particular, but also some SMSF's.
That doesn't make it right, and i certainly don't agree with it, but to say that "Labor will end franking credit refunds" is a little confusing, and not entirely correct.
Suggest some more research guys!
GLTAH.