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Wednesday, 13 May 1981
Page: 2383

(Question No. 1674)


Mr Bungey asked the Minister representing the Minister for Social Security, upon notice, on 9 April 1981:

What would be the cost to the Commonwealth Government in a financial year if aged pensioners were permitted to earn (a) $25 and (b) $30 per week before affecting their pension payments.


Mr Hunt —The Minister for Social Security has provided the following answer to the honourable member's question:

The estimated full year cost to the Government of increasing the income that age pensioners are permitted to receive before affecting their pension entitlement is:

(a) some $30m if the free area of income is increased by $5 a week, i.e. to $25 a week for single pensioners and to $22.25 a week for each partner in the case of pensioner couples.

(b) some $60m if the free area of income is increased by $10 a week, i.e. to $30 a week for single pensioners and to $27.25 a week for each partner in the case of pensioner couples.

These costs are based on rates of pension, and numbers of pensioners current, at December 1980, and are gross costs in that they make no allowance for the additional revenue which may result from the taxation of the payments concerned.