What will happen to my franking credits under the new trust rules?
The Australian government proposed a flat 30 percent tax on discretionary trust income, potentially impacting franking credits for dividends. Tax partner Mark Molesworth indicated that credits may become non-refundable, affecting refunds of excess credits starting from the 2028-29 financial year. Self-funded retirees should consult accountants before the June 30, 2027 deadline for selling shares.
Summary by OZbrief Editorial · SMH · Source
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Published 23 Jun 2026, 19:07 UTC · Updated 23 Jun 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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