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A new SMC report, Unfinished Business: Fixing Gaps in the Super Guarantee reveals Australia’s frontline carers are being made poorer in retirement because they miss out on super when caring intensively for loved ones, often for years.
Leading consumer and small business groups have criticised the Australian Energy Market Commission (AEMC) for failing to address the “loyalty tax” harming households and small business in its Pricing Review final report.
A 3.7 per cent increase in the pension is a welcome relief for older Australians, but falls short of properly addressing the financial pressures that older people are facing, COTA Australia – the peak body for older Australians – says.
COTA has welcomed the announcement of the Federal Government’s position on superannuation changes today and says older Australians need certainty and stability around their retirement income.
COTA Australia congratulates this year’s Senior Australian of the Year Professor Tom Calma AO, who has received the honour for his work in championing the rights, responsibilities and welfare of Aboriginal and Torres Strait Islander peoples.