Geoff Wilson rallies shareholders on franking credits changes

Its back on. Fund manager Geoff Wilson has made it clear to his shareholders that he has reinitiated his franking credits campaign and that they can join him seeking to influence the Government to change tack.

In an investment update sent to Wilson Asset Management investors and released to the Australian Securities Exchange (ASX) Wilson pointed out that a Senate inquiry into the proposed changes to credit is now open and that they can have their say.

“The Senate has referred Treasury’s tax law amendment bill to the chamber’s economics committee with the support of the Coalition and crossbench senators, to conduct a review into the Government’s proposed legislative changes to the Australian franking system,” he said.

“Submissions are open and now is the time for all to act to ensure this harmful legislation is rejected in the Senate.”

“Shortly, we will be sending communications to support our shareholders that would like to create their own submission,” Wilson’s message said.

“It is important to note that submissions must be made in your own voice.”

Wilson said Wilson Asset Management would be hosting a special webinar to discuss the Senate inquiry and answer questions.