A personal friend and definitely a "high-value" investor I know told me that the Labor FC/SMSF claw back will make him stop investing in good australian company. Its sad, a political campaign like this has a detriment effect on TLS/Business. He has also and willing to restructure his SMSF to maximise the potential gain from any changes in government policy. This leaves the small, SMSF, pensioner, retirees, without expensive lawyers/accountants doing the restructuring. Its really sad, but I always said Matthews 13:12. Labor's FC policy won't make a dent into the so called people with "haves". In fact, I highly suspect a way will be found where "more will be given to them". And you are right, he also said the industry super fund will be the major beneficial of Labor's policy. I'm in a industry super fund,I'm not happy with them an IOTA, yet, the royal banking commission hardly ever touch them at all. I would have thought they would have highlighted some of the problem on industry super fund at least.
Mate, liked I've said before, election coming, and people are really "emotional" about this material effect on TLS on FC policy. I'm still holding on TLS for the 5g story. Just use the ignore button. Its pretty obvious, some "recent" additions are pretty bias on it and seem to be only be able to espouse the "Someone has to pay the tax" part.
PS: Again, not saying no one should pay the tax, but if the problem is a tax problem, namely the zero tax free threshold, then make it fair and make make everyone pay something from zero and above. Dividend is classified as "income", with attached company "tax" already paid, you can't just "claw back" just because you are below the tax free threshold. That's like robbing Peter to pay Paul.
TLS Price at posting:
$3.29 Sentiment: Buy Disclosure: Held
(20min delay)