Imputation refunds have to go?

Tim Farrelly | farrelly's Investment Strategy | 12 March 2019

The idea that imputation refunds are an unfair, expensive rort is gaining acceptance in much of the broader community, if not among the financial services community. A recent editorial in The Age backed the Labor policy with arguments along these lines.

Let's have a look at some of these claims.

Firstly, is it a rort? Clearly this does depend somewhat on your point of view. The imputation system was designed to prevent doub...