SCOA Australia The Commonwealth Superannuation Corporation has updated the information regarding certain measures in the 2016 budget, relevant to CSS and PSS pensioners. The material is available on the CSC’s website. Relevant links are: PSS – https://pss.gov.au/2016-17-federal-budget/ CSS – https://css.gov.au/2016-17-federal-budget/ Canberra 14 February 2017
We have received the answer to a Question on Notice asked in the Senate on 25 November 2016 by Senator Katy Gallagher. Click here to read the answer. Click here to read more about this issue, or go to ACPSRO’s page for more information and material. SCOA Federal Office 8 February 2017
SCOA Federal Council, on 6 January 2017, lodged its 2017/18 pre-Budget submission to Treasury for consideration. CSC 2016 Federal Budget Update Click here to see other recent submissions from SCOA Federal Council. Canberra 12 January 2017
SCOA Australia’s 2016 Annual General Meeting was held in Melbourne on 29 November 2016. Go to the SCOA Australia page where you can read a brief report of the AGM and see the details of the new committee members elected at the AGM. The AGM also approved some amendments to the SCOA Australia Rules. These … Read more
On 30 December 2016, the Australian Council of Public Sector Retiree Organisations Inc. (ACPSRO) lodged a submission to the Senate Economics Legislative Committee inquiry into the Superannuation (Objective) Bill 2016 (Provisions). Click here to read the submission or go to the ACPSRO page to read other submissions. Canberra 12 January 2017
SCOA has received the following information from the Commonwealth Superannuation Corporation: The Australian Taxation Office (ATO) has released the new tax rates for the 2016/17 income year which will apply from 1 October 2016. The ATO has advised that the tables do not include any catch-up component for the portion of the year which has … Read more
SCOA Federal Council President, Dr Annette Barbetti, today said that SCOA welcomed the Coalition government’s decision to scrap the $500,000 lifetime cap on non-concessional superannuation contributions. However, said Dr Barbetti, we are disappointed with the decision not to remove the restrictions on voluntary superannuation contributions for 65 to 74 year olds, since it does not … Read more
On 12 September, the Australia Council of Public Sector Retiree Organisations (ACPSRO) released a media statement alerting retirees to the above outline of recent 10% cap correspondence, and requested retiree organisations to circulate the statement to their members so they can continue to protest to their own Members of Parliament. For more comprehensive information on this … Read more
1 March – 1 September 2016 correspondence on the 10% Cap issue The 2015 Budget measure known as the 10% Cap came into effect on 1 January 2016. The measure reduced from 50% to 10% the amount of tax-free income that defined benefit pensioners can exclude from the age Pension income test. The only justification that … Read more
SCOA has written to Treasurer Scott Morrison and asked that the government consider lowering the current unrealistically high Age Pension income test deeming rates. The letter has also been sent to Ministers Christian Porter (Social Services) and Alan Tudge (Human Services). Click here to read the letter. Canberra 22 August 2016