At the end of January 2018 ACPSRO developed a short paper – ACPSRO – Consumer Price Indexation (CPI) – which explains why CPI indexation is not appropriate for setting any forms of income. Since then the ACTU has launched a major national campaign to obtain higher wages. Now that that campaign is well underway, ACPSRO has released … Read more
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 … Read more
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 … Read more
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 … Read more
Union Shopper’s latest e-newsletter Click on the link to see some of the specials in the latest e-newsletter from Union Shopper. http://newsletter.unionshopper.com.au/2018/enews/february/ 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 … Read more
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 … Read more
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, … Read more
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 … Read more
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 … Read more