Social Services Minister, Scott Morrison, must really hate young people. After single handedly squashing rumours yesterday that the Government was considering including one’s principal place of residence in the assets test for the Aged Pension, he has now put forward the ingeniously stupid plan to allow pensioners to sell-off their expensive large homes, pocket the money, but continue to collect the pension. From The AFR:
Scott Morrison said tackling rules that deter people from selling the family home and buying a smaller, cheaper properties “needs further consideration”.
