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

One thing all of those self-funded retirees I was with this morning, with Senator Seselja, said—one thing they all knew and all agreed on—was that all of those Labor members that are going after their savings will have much more in superannuation and much better pensions than any of them will have. But let me return to Stuart. He has $34,000 coming in for his dividends. His fund does not pay tax—it's in the retirement stage—and $9,000 of that is franking credits. The Labor Party wants to take that off him. But if he had $34,000 in rent or in interest he would keep the lot. How crazy is that? What is this? It's penalising older Australians for investing in Australian companies. (Time expired)

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