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’.
Professional tax planning, preparation and problem resolution services for individual taxpayers. We can help you with annual tax lodgements and ongoing tax support. We specialise in expatriate tax support, resolving tax non-compliance issues and identifying opportunities and strategies to minimise future liabilities.