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Monday, 29 November 2004
Page: 1

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

The Petition of certain Pensioners of Victoria draws the attention of the House:

We the undersigned are old age pensioners. We have the house we live in and own one other house, which we use solely as holiday house. We make no income from either property.

As a result of significant movements in values of house prices the following consequences have occurred:

(1) We are affected by the asset thresholds, which unreasonably includes the holiday home, motor vehicle and furniture in the holiday home.

(2) We are penalised and part of our pension payments is deducted.

There is no reason why we should be penalised now that we are old age pensioners from continuing to enjoy the benefits of our holiday homes. Nor should we be put in a position with draconian asset test to ultimately require us to sell our holiday homes to loose our pension to help finance other sosial security programes. For to be able to have this second home we worked twice as hard and contributed by paying twice as much taxes when we where young.

Your petitioners therefore pray that the House adjust the Social Security laws to exclude the:

(a) Holiday Home

(b) Furniture in the holiday home

(c) The value of the motor car from the asset threshold.

by Mr Hunt (from 42 citizens)