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Tuesday, 17 November 1964

Senator DRURY (SOUTH AUSTRALIA) asked the Minister representing the Treasurer, upon notice -

1.   Was the Commonwealth Superannuation Fund in credit last year to the extent of £102 million of subscribers' contributions and is the credit balance increasing each year?

2.   Has the South Australian superannuation fund, with one tenth the number of those contributing to the Commonwealth fund, paid 20s. for each pension unit for a number of years?

3.   Have several other States increased the value of their units to 20s.. while the Commonwealth pension unit has remained at 17s. 6d. for the past ten years?

4.   Would the Treasurer, in view of the buoyant position of the Fund and considering the ever increasing cost of living and the fact that the superannuated public servant receives no concessions available to other pensioners and is obliged to pay income tax, give consideration to increasing the Commonwealth superannuation pension unit to at least 20s?

5.   Will the Treasurer make a statement before the end of the sessional period as to the Government's intention in affording relief to superannuated Commonwealth public servants?

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