Letter to Assistant Minister for Treasury and Finance Senator Zed Seselja regarding calculation of reversionary benefits

SCOA has today written to the Assistant Minister for Treasury and Finance, ACT Senator Zed Seselja regarding the calculation of the reversionary benefits in relation to the $1.6 million Transfer Balance Cap legislation which came into effect on 1 July 2017.  The government is aware of the unintended consequence of the legislation but has yet … Read more

2018 Annual General Meeting

SCOA Australia held its 2018 Annual General Meeting in Brisbane on 30 October 2018.  Thirty five members were in attendance. SCOA was represented by the President, Peter Illidge, Vice President, John Blount, and Committee Secretary, Anne Willenborg. The President addressed the meeting on recent developments including the reasons for the decision to close the organisation. … Read more

Letter to Treasurer Josh Frydenberg

SCOA Australia has written to Treasurer Josh Frydenberg regarding the issue of the calculation of the reversionary benefit in relation to the $1.6 million Transfer Balance Cap (TBC).  An anomaly in the legislation means that the  TBC is calculated on the full amount of the primary pension although the reversionary pension is typically only around … Read more

Welcome news on age pension age

SCOA Australia has welcomed the announcement today by Prime Minister Scott Morrison to drop the policy to increase the age pension age to 70 as announced in the ill-fated 2014 Budget. The Acting President, John Blount, said that our members are already doing it tough; having to wait another three years to access the extra … Read more

Letter to Prime Minister Scott Morrison

SCOA Australia has today written to Prime Minister Scott Morrison to congratulate him on his appointment as Prime Minister of Australia and to raise the issues of indexation and taxation of CSS and PSS pensions with the new Prime Minister. Click here to read the letter to Prime Minister Scott Morrison