"most won't even understand what happened until their next tax return, when their accountant says you don't have any refundable franking credits this year"
And not only that, their accountant will ask them for a cheque for the Medicare levy to send to the tax office since their unused tax credits won't even pay for that. If the Labor Party manages to make this change it has no idea of the fury unleashed at the following election.
"It's a smart ploy but only if people remain uneducated in managing their own finances"
More than 70% of tax return submitters don't even do their own tax returns. An incredibly poor level of financial competence.
