Tony Smith (Casey, Liberal Party) Share this | Hansard source

I move:

That this House:

(1) notes that 1 July 2015 marks the 28th anniversary of the introduction of dividend imputation in Australia;

(2) recognises that:

(a) the system of dividend imputation introduced by the Labor Government in the 34th Parliament has been maintained and supported by every Government since;

(b) the system of refunding excess imputation credits for the benefit of low income earners and charities, which was introduced by the Coalition Government in the 39th Parliament, has been maintained and supported by every Government since;

(c)dividend imputation has delivered improved operation of Australia’s capital markets and corporate landscape;

(d) the end of double taxation of profits has delivered increased prosperity to everyday Australians who own shares either directly, or through indirect means such as superannuation; and

(e) dividend imputation has encouraged increased share ownership levels throughout the Australian community;

(3) endorses and lends ongoing support to dividend imputation; and

(4) rejects calls to tamper with or discard dividend imputation and reintroduce any double taxation of dividends.

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