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Monday, 25 August 1997
Page: 6723

To the Honourable the Speaker and Members of the House of Representatives assembled in Parliament:

This petition of certain citizens of Australia calls to the attention of the House the regressive decision by the Howard Government to remove the superannuation means test exemption for people under Age Pension age. The inclusion of superannuation assets for people aged 55 and over in the income and assets test for social security benefits from 20th September, 1997 is a retrograde step. This will lead to higher outlays on the Age Pension in future years and discourages domestic saving.

Your petitioners therefore pray that the House recognise that the removal of the superannuation means test exemption for people aged 55 to Age Pension age is an unfair and disappointing decision. We call on the Howard Government to reverse this decision.