Aversion to Surplus

In the midst of the Global Financial Crisis and the rapid increase in spending by the Federal Government, I wrote at the time that Australia’s long run of budget surpluses had come to an end and to prepare for a ‘decade of deficits’.  At the time, it seemed impossible to most people.

Franking Credit Smoke and Mirrors

The proposal by the Labor Opposition needs to be considered carefully with the real prospect that there could be a change of Government within 12 months, with the half Senate election due by May 2019.  From the current Government’s perspective, the May 2018 Federal Budget was an opportunity to affirm franking credits continue to be ‘refundable’.