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Figures released today showing the growing level of mortgage debt and housing stress among older Australians shows its time for a concerted national focus on housing reform and retirement incomes, the leading consumer advocate for older Australians said today.
COTA Australia has welcomed the Morrison Government’s commitment to implementing the recommendations of the Hayne Royal Commission on misconduct in the banking, superannuation and financial services industry. The Government will address all recommendations requiring legislation by the end of 2020.
COTA Australia welcomes the Genuine Redundancy and Early Retirement Scheme Payments legislation change, the need for which is obvious and unarguable, and indeed not to make it would be most unfair and inconsistent. The change does not, however, go far enough.
Australia’s peak body and leading advocate for older Australians, COTA Australia, said today’s announcement of a reduction in deeming rates used for the age pension income test will be welcome news for over 600,000 part-rate age pensioners.
Aged care, healthcare and pensions are the top three most important issues for the 7 million older Australians heading to the ballot box next Saturday, according to the results of a national survey released today by leading seniors advocate, COTA Australia.
The Opposition’s Budget Reply, like the government’s Budget, still leaves 350,000 job seekers older than 45 years out in the cold by failing to commit to increased Newstart payments, COTA Australia, said today.
Labor’s Budget Reply will provide funding for cancer treatment and medicine, and a modest extra commitment to more aged care training places; but is missing in action on other key commitments for 8 million older Australians.
COTA Australia Media Release in response to the 2019 Federal Budget.
The leading seniors’ advocacy body, COTA Australia, has today welcomed the passage of superannuation reforms by the Senate, which if passed by the House next week will mean the compulsory consolidation of inactive low balance superannuation accounts by the Australian Taxation Office (ATO)
Today’s Productivity Commission inquiry final report into Australia’s superannuation system must trigger a comprehensive and independent inquiry into our whole retirement incomes system at the earliest opportunity, the leading senior’s advocacy organisation, COTA Australia, said today.
Australia’s leading seniors advocate today congratulated Labor on its commitment to begin correcting the gender gap in superannuation that is leaving many women disadvantaged and struggling financially when they retire.
Leading seniors’ advocacy body COTA Australia today welcomed the Prime Minister Scott Morrison’s announcement the government will overturn its policy of increasing the retirement pension age to 70 years – after it reaches 67 years in 2023.