Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Feb-15
The Australian Government has ruled out subjecting a retiree’s home to an assets test for eligibility for the aged pension. Social Services Minister Scott Morrison has instead proposed allowing retirees to downsize to a smaller home without having their pension affected by the proceeds from the sale. Morrison notes that retirees who opt to downsize their home are currently penalised financially
CORPORATES
AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, COUNCIL ON THE AGEING, NATIONAL SENIORS AUSTRALIA LIMITED