Labor leader Bill Shorten's proposal to stop franking credit refunds will not only hit those with big amounts in self-managed superannuation funds (SMSFs) but also self-funded retirees without SMSFs and with lower balances who would be the worst hit.
The Conservative Party is against Labor's plan which will ultimately encourage more people to become more dependent on the government pension.
Conservative Party Victorian Senate candidate Kevin Bailey has wide experience in capital markets and is determined to reverse any change Labor makes to superannuation policy after the next federal election.
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