Wasted Opportunity on Superannuation Concessions needs to be 'Put Right' at ALP National Conference in July! Australia Institute data shows a stronger line on reform is needed.
Recently – on April 22nd – Bill Shorten announced projected reform of superannuation concessions affecting around 180,000 Australians. ‘The Age’ in particular observed that the two key reforms concerned
To get that in perspective, the Australia Institute observed in 2014 that: “The [entire] age pension currently costs [only] $39 billion”.
A more decisive policy here could fund a suite of progressive reforms: National Aged Care Insurance; NDIS and Gonski; build the National Broadband Network Fibre-To-The-Premises; Medicare Dental; address life expectancy crisis for indigenous and mentally ill; expand mental health services; crisis accommodation for cases of domestic violence; welfare reform; build transport infrastructure publicly; invest in public housing to put downwards pressure on property prices and rental costs...