Page 4 - Senior Scene South Australia 2020
P. 4

PAGE 4                                                                                                                            www.seniorsbook.com.au
       Budget delivers some good news for older



           Australians, but other things are missing




             ustralia’s peak body of  including:                                  indexation formula did not deliver  transparency and accountability
             older Australians, Council  •  $29.8 million to implement  an increase in the pension rate,” Mr  of super funds by establishing the
       Aon the Ageing (COTA)                  the Serious Incident Response  Yates said.                                YourSuper comparison website,
       Australia, has welcomed a number       Scheme      to   provide    better   “However, we are disappointed  which will allow members to make
       of significant Federal Budget          protection for residents in aged  that there is no increase in the  more informed decisions about
       initiatives in pensions and aged       care;                               inadequate Commonwealth Rent  where  their  superannuation
       care, but expressed concern  •  $91.6 million over four years  Assistance maximum rate, and that  savings will earn the best return;
       about the plight of mature age         to    create   an    independent older unemployed people will still  and also the implementation
       and older workers who received         assessment service for the new  have their savings plundered by  of the “super follows you”
       no targeted support despite being      residential care assessment and  the Liquid Assets Test at the very  recommendation so that less
       equally vulnerable to long term        funding tool;                       time they should have retirement  people will end with multiple
       unemployment as a result of the  •  $35.6 million over two years  savings protected.”                            accounts.
       COVID induced recession.               to    extend      the    Business    Mr Yates said COTA “welcomed          “However we note that the
        COTA Australia Chief Executive,       Improvement Fund, to help  the huge range and depth of  government has not made other
       waiting times down to 30 days “                 They are equally vulnerable to redundancy, age                   and again call on government to
       Ian Yates, said older Australians will
                                              restructure residential aged care;  economic stimulus measures that  announcements in response to
                                              and
       be very pleased to see an additional
                                                                                  are the centrepiece of this Budget,  the Retirement Income Review,
                                                                                                            ”
       23,000 home care packages at a cost
       of $1.6 billion, a record increase.
                                                                                                                        release this independent, once in a
                                                       discrimination and being locked out of the
        However, he said they would
                                                                                                                        generation review of our retirement
                                                       workforce, and we are fearful this will be
       be disappointed that there is still
                                                                                                                        income system, so that we can
       no commitment and plan to get  exacerbated by the failure to match youth subsidies
                                                                                                                        all share the rich data it provides
                                                                                                                        on what’s working and what’s
       and ensure no one is prematurely  •  Commitments to upskilling aged  including the support targeted at  not adequate, so we can discuss
       forced into residential care.          care workers in dementia and  getting young people employed.”             positive ways forward to strengthen
        “The new home care packages           funding the Aged Care Workforce      “But we are disappointed there is  pensions and superannuation,” he
       area substantial step forward          Industry Council, which now  no parallel support to keep older  said.
       and to be applauded, as are the        needs to deliver leadership in  Australians in work.                       COTA      also    welcomes      the
       supporters of our ‘Safer at Home’      workforce reform.                    “They are equally vulnerable to  announcement of an extra $1
       campaign who lobbied for this,”        “Pensioners     will   be     very redundancy, age discrimination  billion in loan funds to support
       Mr Yates said, “but we still have a  pleased about additional pension  and being locked out of the  development of affordable housing,
       way to go and more will need to be  supplements of $250 in December  workforce, and we are fearful this  and the abolition of Capital Gains
       done in the May 2021 Budget,” Mr  and $250 in March, a positive  will be exacerbated by the failure to  tax on ‘granny flat’ arrangements
       Yates said.                          response by government to our  match youth subsidies,” he said.             provided there is a formal legal
        Mr Yates said COTA also welcomed  strong lobbying for additional help      Mr Yates said COTA welcomes  agreement in place to protect the
       other    aged    care    initiatives, to pensioners at a time that the  the measures to improve the  interests of the older person.
































































                                                                                                                                                           am5015
   1   2   3   4   5   6   7   8   9