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Australia's largest super fund says members will be unaffected

Joanna Mather
Joanna MatherWealth editor
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The nation's largest superannuation fund has confirmed that all 2.2 million of its members will be sheltered from Labor's plan to make franking credits non-refundable.

The proposed change will have "no material impact on net investment returns", AustralianSuper spokesman Stephen McMahon told AFR Weekend.

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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
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    Original URL: https://www.afr.com/personal-finance/superannuation-and-smsfs/australias-largest-super-fund-says-members-will-be-unaffected-20180420-h0z0r7