We are urging the review of the impairment tables include directions on how they are used particularly in relation to assessing an impairment being permanent or stabilised.
COTA have been strongly advocating for some time for the introduction of a Retirement Income Covenant in the Superannuation Industry (Supervision) Act 1993 and believe this is a first and very important step toward a more critical focus on retirement income within our superannuation system.
COTA Australia welcomed the establishment of the Senate Select Committee on Job Security and appreciates the opportunity to present this submission, with a specific focus on mature age and older workers
COTA acknowledges the Bill’s $25 per week increase to the JobSeeker and other working age payments as the first real term increase in 26 years, but $25 is not enough to prevent job seekers, including tens of thousands of older Australians, falling into poverty.
Older Australians need a comprehensive plan from the Australian Government, demonstrating that all areas of Government are thinking and acting in a coordinated fashion to improve the lives of mature age and older Australians.