Geoff Wilson, the fund manager who helped the Coalition win government by marshalling 90,000 investors against Labor’s franking credits refund policy, will now turn this army against the federal government over its plan to make virtual annual general meetings permanent.

Mr Wilson, founder of the Wilson Asset Management empire of listed investment companies, says Treasury’s plan to make permanent the temporary allowance for virtual AGMs introduced for COVID-19 is “undemocratic and grossly unfair to millions of Australian retail investors”, including his own.