Fully franked must be frank and fair

May sanity and decency prevail.

Everald Compton

PS. I must publicly acknowledge that I am a self funded retiree who benefits from the receipt of franking credits.

I am fortunate that I am in a position that I can live comfortably without them.

I am also able to use some of the capital in my self managed Superannuation Fund if necessary.

However, many thousands of retirees with a low capital base cannot do likewise. They will be forced to become part pensioners.

PPS. I totally disassociate myself from the campaign which is being run by Scott Morrison in which he describes the removal of franking credits as a Retirement Tax. His claim is a total fabrication of the truth.

PPPS. It is fascinating to note that almost 100% of retirees are taking Bill Shorten's Franking Credits policy as an event that definitely will happen. Whether they like it or not, they are certain that he will become Prime Minister in May of this year and will act on it immediately.

PPPPS. I will campaign strongly, throughout the election campaign and right through until legislation passes the Senate, on the principle of having franking credits 'grandfathered' as at 30 June, 2019 without campaigning against Bill Shorten personally. My basic concern is that the current plan for its implementation represents an injustice for people who have not broken any taxation laws.