Pension privilege in the crosshairs

Age pension policy ineffectiveness has become so obvious Canberra can no longer ignore it. The sooner Joe Hockey revisits his approach, the better.

Comments by the Business Council of Australia and Treasurer Joe Hockey suggest that welfare and entitlements for older Australians are now on the agenda for the May budget. Pension and superannuation policies will need to be addressed, among other things, if the government wishes to create a sustainable budget balance and avoid an increasing budget imbalance.

Budget forward estimates are rarely accurate, frequently revised and political fodder for both political parties but they possess one undeniable truth: with an ageing population the current long-run budget is not sustainable.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles