Treasurer Josh Frydenberg continues to hammer Labor over its franking credit policy, telling angry pensioners at Parliament House on Wednesday that Bill Shorten won't back down on his contentious plan to wind back Costello-era cash refunds for share dividends.
Attending an event organised by the Alliance for a Fairer Retirement, Mr Frydenberg lashed Labor for its plans to end cash refunds for excess franking credits, describing the move as a $55 billion "retiree tax".
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Tom McIlroy is the Financial Review's political correspondent, reporting from the federal press gallery at Parliament House. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
