It is really a very simple concept. Assume you pay no tax (say, through a pension fund). You invest in a company that makes $1000 pre-tax profit leaving $700 to distribute to you. You also invested in a property that nets you $1000 in rent. You also have deposits in a bank that pays $1000 interest.
Since your fund does not pay tax, you received $1000 from rent, $1000 in interest but only $700 in dividends. Bill Shorten's franking credit policy is blind robbery. Full Stop.
The only argument you have left is that they want to boost property prices through this policy.
Ann: Update - Dividend/Distribution - TLS, page-56
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