sorry forgot to mention the discrimination of this policy. You realise a pooled managed investment trust such as an industry fund, like your union back CBUS, still allows franking credit refunds through attribution of tax paying members to pension members? Ironic that he’s protecting union backed funds against SMSF who get nothing or the sort.
industry funds (unions) are threatened by SMSF once a member is in retirement phase due to SMSF being significantly cheaper and generally better performance.
Anticipated dividend Feb 19, page-23
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