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Greens to reverse Howard-era pension mistake, secure superannuation tax review

Media Release

16 June 2015

Pension payments will be redirected to those who most need income support, after the Australian Greens reached an agreement with the government for a broader review of retirement incomes.

“The Greens opposed the Howard Government changes to pensions back in 2007. Now we’re restoring the system to ensure that everyone has a decent retirement,” said Greens Leader Richard Di Natale.

“All Australians deserve a system that supports them in retirement, not just the wealthy.

“When I took on the leadership of the Greens I said I was here to get positive outcomes for the community wherever I could, so I’m pleased to be able to deliver on this.

“The government has agreed to give special consideration to retirement incomes in its Tax White Paper, which means we can finally look at superannuation as part of the equation,” said Senator Di Natale.

Greens community affairs spokesperson Senator Rachel Siewert said changing the assets thresholds and taper rate will make the pension system fairer.  

“More Australians who don’t have the advantage of a healthy super balance will be able to access a full pension when we undo John Howard’s tampering with taper rates,” Senator Siewert said.

“The broad retirement income review we’ve secured will be delivered as part of the Tax Review process.  The terms of reference are explicit about involving stakeholders at every stage, to build on the already strong appetite for further change, particularly to the super tax concessions.

“The review will have a focus on pensions, superannuation, taxation and workplace discrimination, to guide the important reforms that Australians need.

“Passage of the assets test will not be linked to the other budget measures in the Pensions Bill, which are still under consideration by the Australian Greens,” said Senator Siewert.

“We are a caring society and all older Australians deserve the best possible retirement. Today, we have ensured a pathway for a decent retirement in Australia”.


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