The first year’s gross cost of $42 million, which will compound, is a little more than one tenth of one per cent of the 2007/08 budget surplus. There will be indisputable clawback of approximately 40% due to increased income tax and GST collections and a reduction in Age Pension expenditure. Due to their low superannuation [...]
super
The Matthews Report
On 26 June 2008 the Minister for Superannuation and Corporate Law, Senator the Hon Nick Sherry, announced the implementation of the 2007 ALP election commitment to review the indexation arrangements for Australian Government superannuation pensions.
This review was necessary because the Howard Government and the Department of Finance would not make available relevant actuarial costings.
The review [...]
Campaign background for pension indexation
Pension Indexation Campaign
What is this campaign about?
Commonwealth superannuation pensioners, (former Commonwealth public servants and former Defence Force personnel) have their superannuation pensions indexed by the CPI, an indexation tool abandoned more than a decade ago for other Government funded pensions.
This issue affects almost 350,000 senior Australians whose average pension is now less than the [...]
Examination of Government superannuation schemes welcomed
Bob McMullan, Member for Fraser, Annette Ellis, Member for Canberra, and Senator Kate Lundy, Senator for the ACT, have welcomed today’s announcement that Mr Trevor Matthews will lead a review of the indexation arrangements for Australian Government superannuation schemes for the Minister for Superannuation, Senator the Hon Nick Sherry.
“This review delivers on the Government’s election [...]
Federal Labor’s Low Tax “Dream Saver” Accounts Will Help First Home Buyers in the ACT
Senator Kate Lundy, Bob McMullan and Annette Ellis today said that a Federal Labor Government will help aspiring first home-buyers save a larger deposit by establishing new, low tax First Home Saver Accounts.
“This will be a great way for young people in the ACT to save up for that all-important deposit for their first home”, [...]
Better Super – What the government hasn’t told you
If you salary sacrifice, your employer may not have to pay any compulsory super at all.
In other cases, employers can calculate their compulsory contribution on your reduced salary sacrificed salary.
Employers can even hold on to an employee’s sacrificed money up to 12 months before transferring it to their super fund.
The Australian Tax Office (ATO) says [...]
Labor forces Government to listen to older Canberrans
Today Senator Kate Lundy, Federal Member for Canberra Annette Ellis MP and Federal Member for Fraser Bob McMullan MP joined together to urge all senior Australians and groups to make a submission by 20 July 2007 to the Senate Inquiry that Labor has established into the cost of living pressures facing older Australians.
“Older Australians I [...]
Ian Thorpe’s Retirement
Joint Statement: Labor Leader Kim Beazley and Senator Kate Lundy
Labor wishes Ian Thorpe all the best in his retirement and thank him for his fantastic contribution to Australian sport over the last 10 years.
Thorpe is indeed a super-fish and it takes great courage for an athlete to retire from a sport in which they remain [...]
First Senate Speech
Making the first speech in the Senate is an important time for a new Senator. I made my first speech in the Australian Senate on Tuesday 7 May 1996. I spoke about my goals and aspirations, philosophy and beliefs.
Extract from the CURRENT SENATE HANSARD Database
Date: 7 May 1996 (06:00)
Page: 447
GOVERNOR-GENERAL’S SPEECH
Address-in-Reply
(First Speech)
The PRESIDENT–Before calling Senator [...]
Liberals have little to offer ACT Small Business
Senator Lundy was today critical of the Federal Government’s commitment to small business saying it was a shame that Liberal Government’s policies for small business wasn’t stronger on substance and lighter on rhetoric.
“Geoff Prosser, Minister for Small Business, is addressing a seminar in Canberra today designed to increase the skills of small business operators. I’ll [...]
