Presents a proposal for making the pension universal (free of means test) and abolishing the tax concessions. Overview The Abbott Government, as part of its ‘budget repair’ efforts, wanted in the 2014 Budget to increase the pension age to 70 and to restrict pension indexation to the price index, meaning that the pension will fall...

This report argues that the current arrangements for taxation of asset incomes are flawed and recommends changes. Overview

Outlines the Federal Government's aims for the 2015 Budget. Introduction We are building on our strong foundations with a responsible Budget focused on small business, better child care and measures that improve fairness. Growing jobs and small business - $5.5 billion including $5 billion of tax relief Supporting small businesses, with annual turnover under $2...

The Budget is an opportunity for the Government to inform the Parliament, and therefore the broader public, about matters including: the expected performance of the international and Australian economy the Government’s economic and fiscal strategy specific policy decisions the Government has made. Budget Night is typically the most important annual policy statement by the Government.

Overview: Super tax concessions are increasingly being used by high income earners as a way of minimising their tax. This is not their original purpose. They were designed to encourage people to save for their retirement so they would be more self-reliant and less dependent on taxpayers. 80 per cent of those who are of...