COTA Australia made a submission to the Senate Select Committee examining the operation of the Capital Gains Tax (CGT) discount, focusing on the impact of proposed reforms on retirement income security and housing outcomes for older Australians.
The submission highlights the need for balanced, evidence-based reform that protects people on low and modest incomes, noting that not all older Australians are wealthy and that one in four people over 65 live in poverty. COTA also emphasises the importance of grandfathering existing arrangements to maintain confidence in retirement planning, and calls for targeted reform that supports housing stability, fairness, and a dignified retirement.