Question: What do you think the chances are of Scott Morrison's support for a tightening of pension entitlements getting up? My understanding is that both ACOSS and Morrison think a couple with $800,000 in assets outside the home is "wealthy," whereas such a couple may well be earning less than the pension. How does such an approach encourage people to sacrifice now in order to build up their superannuation for the future?
Answer (By Paul Rickard): I think there is a good chance that there will be changes. It seems to have broad political support – and can probably be done without antagonizing too many voters. It is also such a complex area – very hard for the public (and media) to follow the debate and implications.
3 areas are being considered: