SCOA Australia’s President, Peter Illidge, has called on Opposition Leader Bill Shorten to reconsider Labor’s policy regarding dividend imputation credits announced last week.
“Our members are hardly fat cats; meny have pensions of $40,000 or below. If they receive a fully franked dividend of say $1,000, they would currently receive a refund from the ATO of franking credits worth $428. The loss of $428 is quite significant to low income pensioners”.
“Our defined benefit pensioners do not deserve to be targeted in this way”, said Peter Illidge.
Read Peter Illidge’s letter to Bill Shorten here.
Read the Media Release here
A General Meeting of SCOA Australia Incorporated will be held on Tuesday 10 April 2018 at 10.30am at the Pilgrim Hall (next to Pilgrim Church), 12 Flinders Street, Adelaide SA 5000.
The purpose of the General Meeting is to seek approval from members to a number of proposed amendments to the SCOA Australia Rules in relation to the nominations for and the election of office bearers and members of the National Committee.
Click here for further information or call National Office on phone 02 6286 7977.
19 February 2018
SCOA Australia’s newly appointed President, Peter Illidge, today supported calls by the Shadow Minister for Defence Personnel to have the Commonwealth Superannuation Corporation (CSC) included in the Banking Royal Commission.
Government employees have very little say in how their funds are invested or their scheme administered.
“It is important that the CSC be included in the Banking Royal Commission to make sure that every retired government employee, be they military or civilian, can have confidence that their scheme is administered and managed in their best interest”, said Peter Illidge.
You can read the full press release here.
Canberra, 12 February 2018
Union Shopper’s latest e-newsletter
Click on the link to see some of the specials in the latest e-newsletter from Union Shopper.
As a SCOA Australia member you can access Union Shopper discounts on just about anything you want to buy.
Get all the details of the item you are after, then call Union Shopper on 1300 368 117 and ask them if they can get it for you cheaper. They will call you back, often within the next 24 hours.
Canberra, 12 February 2018.
President of SCOA Australia steps down
In early January, Annette Barbetti informed SCOA Australia’s National Committee that she would be stepping down from her role as the President of SCOA Australia and as a member of the National Committee, due to a number of recurring health issues. Annette’s resignation was effective immediately.
Stalwart doesn’t begin to describe Annette Barbetti and her contribution to the organisation over a very long time, both at local ACT level and federally and nationally. Over the many years Annette has been associated with SCOA, she has held the posts of President and/or Vice President of the (former) ACT Branch as well as President and/or Vice President of the former Federal Council. She was instrumental in the establishment of SCOA Australia and has served as the President since its inception in February 2013.
Annette Barbetti has brought considerable knowledge and expertise to SCOA in the areas of Commonwealth defined pension indexation and taxation, and, more recently, all manners of age and retirement related issues such as the age pension, the Commonwealth Seniors Health Card, the ever changing rules regarding home care packages, supplementary payments to low income pensioners, carers’ issues and many, many others. As you all know, Annette always contributed in a significant way to the quantity and quality of items published in our newsletter. Her knowledge and skills in these areas will be missed.
Annette Barbetti is a life member of SCOA Australia and will remain as a member of the SCOA Australia ACT local committee.
Our thanks and best wishes go to Annette Barbetti from everyone at SCOA Australia.
Former Vice President, Peter Illidge, has been appointed as SCOA Australia’s new President and John Blount has taken over the role of Vice President.
More information will be available in the next issue of SuperTime due out in the first week of February 2018.
Canberra, 11 January 2018.
SCOA Australia today lodged its 2018/19 pre-Budget submission with recommendations in the areas of Commonwealth superannuation pension indexation and taxation, the taper rate for the age pension income test, the ability of retirees aged over 65 to transfer funds into their superannuation fund without having to satisfy any work test; the PBS Safety Net Limits, rent assistance for certain retirees, the Centrelink robo-debt system, Medicare and dental procedures and others.
Click here to read the full submission.
Canberra, 2 January 2018.
The indexation graph has been updated to the end of the September 2017 Quarter.
Click here to see the graph.
Click here to try our indexation tool.
Canberra, 11 December 2017.
On 29 November 2017, the Canberra Times published an article by their correspondent Ross Gittins about the cost-of-living pinch on wage earners.
In a letter to the editor, published in The Canberra Times today, the National President of ACPSRO, Richard Griffiths, explained that wage earners are now experiencing the same cost-of-living pinch that retirees and many pensioners have been experiencing for years, due to the use of CPI indexation.
Click here to read the letter to the Editor in today’s Canberra Times.
Canberra, 30 November 2017
A 7 November 2017 article in the Australian Financial Review (AFR) about changes being made to the CPI, which will have the effect of further reducing the CPI, was responded to by an ACPSRO letter to the AFR’s Editor on 9 November 2017.
That, in turn, appeared to trigger an article in the Canberra Times written by their Economics Editor, possibly at the behest of the Australian Bureau of Statistics. That has been responded to by ACPSRO’s 15 November 2017 letter to the Canberra Times’ Editor, drawing attention to the fact that the CPI is becoming increasingly irrelevant to people’s standard of living.
Click here to read the letters to the editors and Peter Martin’s article about the CPI.
Canberra 15 November 2017
As part of its push to demonstrate the inadequacy of the CPI to reflect real costs of living for all sectors of the community, ACPSRO wrote to the Minister for Finance on 12 September 2017, as the minister responsible for the Australian Bureau of Statistics, recommending that while capturing statistics that measure the CPI, ie including quality adjustments, the ABS should publish the raw retail prices from which those CPI figures are derived.
We received the Minister’s response on 23 October 2017.
Click here to go to ACPSRO’s page where you can read the correspondence.
26 October 2017