Daily Bulletin


Politics

  • Written by Association of Independent Retirees


The Association of Independent Retirees questions the research undertaken by the Labor Party in developing a number of their policies including franking credit refunds, negative gearing and capital gains tax.
 
“The Association believes the franking credit cash refund policy must have been put together with very superficial research because very soon after its announcement, it was significantly amended to exempt hundreds of thousands of pensioners”, said Mr Wayne Strandquist, Acting President of the Association. 
 
“Surely, a simple analysis of who had received franking credit refunds would have revealed the huge number of retirees who receive a part or full age pension and owned shares that would be affected by the proposed policy”, Mr Strandquist added.
 
“Clearly, if adequate research had been done on the impact of the policy on low-income self-funded retirees who just missed qualifying for a part age pension, the policy could have been designed to target those receiving much larger refunds,” said Mr Strandquist.
 
It would appear that inadequate research is not confined to franking credit refunds policy.
 
Mr Strandquist commented that “Labor’s negative gearing policy research has also been challenged with understating the percentage of investors who bought a new property, and therefore overstating the potential savings from the policy”. 
 
The proposed increases in capital gains tax and the elimination of negative gearing on pre-owned properties are reportedly reducing the demand for property by investors and magnifying price reductions in many population centres. Lower property prices are hurting retirees who are downsizing or moving into aged care.
 
Again, Mr Strandquist said, “more detailed research on the impact of these policies would have identified unexpected consequences on retirees and lower revenue forecasts based on changes in investor behaviour”.
 
“It is concerning to read that policy details have been removed from the Labor Party’s website. With an election just around the corner, retirees want to see more policy detail not less,” said Mr Strandquist.
Writers Wanted

The Best Android tools and Utility Apps

arrow_forward

How to Find the Best SEO Services Company That Offers Guaranteed Results

arrow_forward

Prime Minister Interview with Ben Fordham, 2GB

BEN FORDHAM: Scott Morrison, good morning to you.    PRIME MINISTER: Good morning, Ben. How are you?    FORDHAM: Good. How many days have you got to go?   PRIME MINISTER: I've got another we...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Kieran Gilbert, Sky News

KIERAN GILBERT: Kieran Gilbert here with you and the Prime Minister joins me. Prime Minister, thanks so much for your time.  PRIME MINISTER: G'day Kieran.  GILBERT: An assumption a vaccine is ...

Daily Bulletin - avatar Daily Bulletin

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Prime Minister National Cabinet Statement

The National Cabinet met today to discuss Australia’s COVID-19 response, the Victoria outbreak, easing restrictions, helping Australians prepare to go back to work in a COVID-safe environment an...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Tracy Grimshaw

TRACY GRIMSHAW: Prime Minister, thank you for your time.    PRIME MINISTER: Great to be here. Thank you for the opportunity.    GRIMSHAW: A month or so ago, you probably thought that today's...

Scott Morrison - avatar Scott Morrison


The Conversation
INTERWEBS DIGITAL AGENCY

Business News

How to Find the Best SEO Services Company That Offers Guaranteed Results

As a business owner, you have to be strategic about how you’ll be able to reach your target market. That is why entrepreneurs implement various marketing tactics to reach their goals. With today...

News Co - avatar News Co

Top Reasons Why Your Business Needs SEO

SEO is crucial for the ranking of a website. You may think that SEO offers greater searchability while it can do more than this. The most cost-effective tool for the survival of smalls businesse...

News Co - avatar News Co

Nisbets’ Collab with The Lobby is Showing the Sexy Side of Hospitality Supply

Hospitality supply services might not immediately make you think ‘sexy’. But when a barkeep in a moodily lit bar holds up the perfectly formed juniper gin balloon or catches the light in the edg...

The Atticism - avatar The Atticism



News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion