"Money has run articles by Noel Whittaker in three consecutive weeks criticising Labor’s policy to remove cash payments for excess imputation credits where the individual involved has not paid income tax. Unfortunately, these articles have contained several errors or assumptions that mean his conclusions are just plain wrong."
"First, Mr Whittaker claims the budget savings are calculated on policy settings that exclude the Turnbull government’s 2016 budget superannuation measures, including the $1.6 million tax-free superannuation balance cap. Wrong. Labor’s policies have been fully costed by the Parliamentary Budget Office, which is independent and legally obliged to cost our policies taking account of government policies - including the $1.6 million superannuation balance cap, and other potential behavioural changes."
