ALP disappoints on indexation

One of SCOA’s very active members in Tasmania recently got Tasmanian MP Andrew Wilkie to write to Opposition Leader Bill Shorten regarding the inadequate CPI indexation of CSS and PSS pensions.  Bill Shorten passed the request on to his Shadow Minister for Finance, Jim Chalmers, who has provided this response. The language in Jim Chalmers’ letter … Read more

Retirement Income Disclosure Consultation Paper

SCOA Australia has today commented on the government’s Retirement Income Disclosure Consultation Paper.  The objective of the consultation is to find ways to provide prospective retirees with information about the various retirement products that are available in an easily understood way to enable them to choose the one(s) that suit their (personal and financial) circumstances … Read more

2019/20 pre-Budget submission

SCOA Australia has today sent an advance copy of our 2019/20 pre-Budget submission with a cover letter to the Prime Minister, Treasurer, Assistant Treasurer and Assistant Minister for Treasury and Finance, as well as the Leader of the Opposition, the Shadow Treasurer and Shadow Assistant Treasurer. The submission will be lodged electronically once the relevant … Read more

You need to take ACTION NOW!

ACPSRO (Australian Council of Public Sector Retiree Organisations) and other retiree organisations are often told by politicians that they have heard from the ex-military but they seldom hear from the rest of us – retired police, firemen, teachers, health care workers, public servants, local government staff, etc – who are trying to survive in retirement … Read more

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