SCOA’s Federal President, Dr Annette Barbetti, has sent the attached letter to Prime Minister Malcolm Turnbull, urging the government to consider repealing the Social Services Legislation (Defined Benefit Income Streams) Act 2015.
SCOA considers it a defective piece of legislation based on inadequate research and rushed through both houses of Parliament with undue haste. It has already caused hardship to many people with very modest defined benefit pensions.
Click here to read the letter to the Prime Minister re ten percent cap issue.
Canberra
16 August 2016