Media Release
“CPSA welcomes the continued availability to pensioners of cashbacks as part of dividend imputation under proposed reforms by the Australian Labor Party”, said CPSA Policy Coordinator Paul Versteege.
“It was always clear that those with limited shareholdings and limited scope to change their investment strategy would be significantly disadvantaged without the exemption from Labor’s no-cashback policy on dividend imputation.”
“CPSA is pleased that the exemption would also apply to Newstart recipients. This is important to older Australians who have not yet reached pension age and are long-term unemployed”, said CPSA Policy Coordinator Paul Versteege.
