Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The honourable member, of course, in her seat of Richmond has many self-funded retirees and many pensioners, and I'm sure she's been getting a lot of messages about her leader's effort to double-tax hardworking Australians who've retired and saved their money. It's important to remember that the franking credit that a person on low taxable income is able to cash out is tax that's already been paid. By denying them the ability to get the cash, what the Labor Party is doing is, in effect, double-taxing people on lowest incomes. That's what they're doing.

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