On 13 March 2018, the Australian Labor Party (ALP) announced that if it wins the next election it will amend the imputation system to make excess imputation credits non-refundable from 1 July 2019.
This policy announcement, if implemented, could have a significant impact on retirement incomes by reducing cash refunds for excess imputation credits and impacting returns on superannuation savings.
(Click on the cover page image for the full document).
Sponsor White Papers (click here to see all previous papers)
Wikipedia defines a White Paper as “an authoritative report or guide informing in a concise manner about a complex issue and presenting the issuing body’s philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision.”