The federal government has flagged changes to franking credits in a move that’s been slammed by the Opposition.

Labor is seeking to tighten rules around some share buy-backs to save the budget $550 million over the coming years.

Chair of Wilson Asset Management, Geoff Wilson, says there’s two parts to the legislation that would be amended.

He says there’s one change that is of particular concern.

“It will probably destroy small and medium sized Australian companies [and] their ability to grow because they need capital,” he told Neil Breen.

Press PLAY below to hear him explain it in full

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