House debates

Tuesday, 27 March 2018

Questions without Notice

Dividend Imputation

2:09 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. Can the Prime Minister confirm that under the government's policies a wealthy retiree couple will get a cash bonus from dividend imputation despite the fact that they have $2.9 million in super, have $290,000 worth of Australian shares, draw $120,000 a year in super income and receive $17,500 a year of dividend income and pay no tax? How is it fair that they will get a cash bonus from the government of $7,500?

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