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There has been a lot of media coverage recently regarding the Australian Labor Party’s proposed policy to stop SMSFs from receiving tax refunds for the franking credits they receive in conjunction with the dividends paid from Australian companies they own.
What are franking credits and how do they benefit SMSFs?
The SMSF Association, a Knowledge Partner to Charter Hall, has produced an explanatory paper that explains this important issue, including how you can contribute to advocacy efforts to resist the introduction of this policy.