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Wednesday, 11 November 1964


Senator DRURY (SOUTH AUSTRALIA) - My question is directed to the Minister representing the Treasurer. Is it a fact thatlast year the Commonwealth Superannuation Fund was in credit to the extent of £.102 million of subscribers' contributions and that the fund is increasing each year? Is it also a fact that the South Australian superannuation fund, with one-tenth the number of those contributing to the Commonwealth fund, has, for a number of years, paid 20s. for each pension unit, and that several other States have increased the value of their units to 20s., whereas the Commonwealth pension unit has remained at the value of 17s. 6d. for the past ten years? In view of the buoyant position of the Fund, the ever increasing cost of living and the fact that superannuated public servants do not receive the concessions that are available to other pensioners and are obliged to pay income tax, will the Treasurer consider increasing the value of the Commonwealth Superannuation unit to at least 20s.? Finally, will the Treasurer make a statement before the end of the sessional period on the Government's intention in relation to affording relief to superannuated public servants?







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