FULLY FRANKED MUST BE FRANK AND FAIR

It is beyond dispute that Bill Shorten is correct when he states that a cash refund of franking credits on investments should be claimed only by a taxpayer.

What is in dispute is the timing and manner in which he intends to legislate changes to current taxation laws on those credits.

His planned legislation must be changed to exempt all shares purchased prior to 30 June, 2019. This will give retirees the same privileges that he has stated that he will grant to those affected by his changes to taxation benefits relating to negative gearing and capital gains.

To deny this, will mean that he will be declaring that property developers are more worthy citizens than retirees and deserve privileges that are to be denied to retirees. Continue reading “FULLY FRANKED MUST BE FRANK AND FAIR”

DEATH OF MAJORITY GOVERNMENTS

The Australian Election of 2016 will result in a Hung Parliament in both Houses.

This political deadlock will be profound, significant and long term, causing a long awaited upheaval in the structure of political parties.

A majority of the population will be horrified with this event, but a sizeable minority will welcome it as it will give democracy a genuine chance of working effectively. Continue reading “DEATH OF MAJORITY GOVERNMENTS”

D-DAY FOR THE AGE PENSION

It is an indisputable fact that pensioners in Australia have been underpaid for more than a century. Nevertheless, little mention of it is being made in the Australian Election of 2016. In truth, there is a defining silence surrounding it for reasons that totally escape me.

Be this as it may, the time has come to correct this huge blot on the humanitarian record of our nation, particularly as a UN Report has stated that 50% of Australian Pensioners live on or below the poverty line. This is intolerable in a prosperous nation. Continue reading “D-DAY FOR THE AGE PENSION”