Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697633503755.pdf (Australia)
We are self funded retirees aged in our mid 70's who have no reliance on Government funded pensions.

The assets from which we derive our living income are held mainly in our individual names outside of the superannuation system.

Our income tax returns for the last financial year required us to pay tax of $11,286.

However had the Labour Party policy abolishing our Franking Credit refunds been in place we would have paid tax of $25,890.
That would have reduced our available spending power by $14,604 - an absolutely unfair impost against our modest income.

When this is compounded across Australia with all the other people similarly affected it will have a massive and dramatic impact on retail spending, entertainment spending, tourism spending, and private reinvestment into the capital of Australian Companies to keep the economy of our country expanding.
For the sake of our country we urge you to do all within your power to stop the Australian Labour Party from changing the existing Franking Credit System Thank you.

Kevin & Pauline Maloney Inquiry into the implications of removing refundable franking creditsSubmission 783