"suggesting their figures are rubbish"
because PBO is assuming zero reaction, a very brave assumption. (Incredibly, PBO forecasts have been wrong before.)
"(such as CGT issues of 15% compared to 0%)"
You mean 15% compared to 10% in accumulation mode in both cases.
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- Proposal to abolish refundability of Franking Credits
Proposal to abolish refundability of Franking Credits, page-194
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