Australia is finally moving towards political consensus around the need to address Australia’s soaring Aged Pension and superannuation concession costs, with all major parties – the Coalition, Labor and the Greens – backing a review and flagging their support for tighter eligibility rules.
Over the long weekend, Assistant Treasurer, Josh Frydenberg, claimed that the Government was considering a broad review of the retirement system that would examine whether eligibility requirements for the Aged Pension should be tightened, along with the extent to which superannuation concessions should be granted to the wealthy. From The Australian:
