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Tuesday, 28 October 2014
Page: 12355

Budget

(Question No. 192)


Ms Rowland asked the Treasurer in writing, on 19 June 2014:

With the Government's plans to increase the retirement age to 70 (as announced as a budget measure on 13 May 2014), what will the Government do to ensure that workers who are made redundant over the age of 65 receive the same tax advantage as other workers receiving an Eligible Termination Payment in the case of a genuine redundancy.


Mr Hockey: The answer to the honourable member's question is as follows:

It would be appropriate for the genuine redundancy rules to be considered in the context of the Tax White Paper.