Franking credits formed part of many retirees plans when deciding when to retire,or how much they may have chosen to save extra in last ten/twenty years if they new a dh politician was going to change the fc rules in retirement.
No stupid govt should cancel such a serious financial influence on life savings in the form of a smsf with an absolutely disgraceful 12 months notice.
Only a brain dead politician with no real life experience would make such a change without some type of grandfathering.
Tls shareholders and banks are bread and butter investments for many retirees,its just lucky for tls holders that shortens hasn't any friends left ,only the unions.
ps strange how penn's presentations can have a larger negative effect on the tls sp than the conroy blackmail threats and future fund selling combined.
Where to now for long term investors of Telstra, page-3714
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