Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

More fundamentally, it is about a commitment being given by a person who wanted to be the prime minister of this country and by someone who wanted to be the Treasurer of this country saying to the electorate that they would not change the law in regard to franking credits. They made that commitment on five occasions and then decided to break that promise. That's the core issue here. Is it then true—and does the government concede—that this is in fact a retiree tax?