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New Financial Year brings extension of benefits to Veterans.



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Gary Nairn MP Federal Member for Eden-Monaro PO Box 232, Queanbeyan NSW 2620 Tollfree NSW 1800 041 539 Ph: (02) 6297 3952 Fax: (02) 6297 5768

Press Release Ref: 733 Published: 2/7/2002 Title: New Financial Year brings extension of benefits to Veterans

Gary Nairn, the Federal Member for Eden-Monaro, welcomed the announcement by the Minister for Veterans’ Affairs, Danna Vale, that Service pensioners, war widows and veterans in Eden-Monaro will be better off in this new financial year, with the introduction of extended eligibility for the Gold Card and the latest round of indexation for the pension assets and income tests.

“From 1 July 2002, Australian Defence Force veterans who are aged 70 years or over and have qualifying service from conflicts after World War II will be entitled to receive the Gold Card,” Gary Nairn said.

“Australian veterans of conflicts including the Korean War, the Malayan Emergency, Indonesian Confrontation, the Vietnam War, Gulf War and current War on Terrorism, will be eligible for this substantial benefit when they turn 70. “The Gold Card provides access to free comprehensive health care, including choice of doctor, optical and dental care and chiropractic services, as well as pharmaceuticals at the concessional rate.

“The extension of the Gold Card scheme, at a cost of $93.1 million over four years, delivers on a Howard Government election commitment and will provide better health services for thousands of Australian veterans.”

Gary Nairn said many service pensioners and war widows also had a reason to celebrate the financial New Year, with an increase in payments for those receiving less than the maximum rate of the service pension or the war widow’s income support supplement.

“An increase in the income test threshold will mean that most service pensioners and war widows receiving less than the maximum rate of pension will get an extra $41.60 per year. “The increase in the assets test threshold will mean that most assets- tested single homeowners will receive an additional $331.50 a year, while couples will receive an extra $468 per year.”

“These increases will be automatically implemented from 1 July 2002, and are part of the Federal Government’s commitment to ensuring the financial security of veterans and their families,” Gary Nairn concluded.

Ends Tuesday 2 July 2002

For further information contact Gary Nairn on 02 6297 3952