Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697633556174.pdf (Australia)
Dear Senators, I would like to point out that Self Funded Retirees who receive a refund of Franking Credits due to their lower taxable income will now also NOT BE ALLOWED a deduction for a Donation to an Approved Charity because the reduction in Taxable Income for that individual would not benefit from the Refund of Franking Credits due from that Donation.

This effectively will render Donations to a Charity for all those affected by this possible changes to Franking Refund Rules, NO LONGER TAX DEDUCTIBLE.
Other normal taxpayers will be unaffected and would receive the benefit of tax deductibility for Donations to a Charity.

My Wife & I currently donate approximately $20,000 pa to Charities, mainly the Childrenâ€™s Cancer Institute.

Also as a Self Funded Retiree who has left the workforce, I have limited opportunity to regain employment to make up for the loss of retirement income.

That seems Unfair given the magnitude of the reduction in Cash Income.
Thank you for your consideration I am happy to discuss this matter if required.

Regards Alex Payne Inquiry into the implications of removing refundable franking creditsSubmission 112