COTA Australia provided brief comments to the Draft Rule Determination National Energy Retail Amendment (Advance Notice Of Price Changes) Rule 2018, Australian Energy Market Commission (AEMC), 5 June 2018.
In the COVID-19 response Budget in October, we urge the Federal Government to prioritise the following areas:Pensions and Income Support
Future Retirement Income Policy
Aged Care Reform
Employment of older Australians
Housing
A whole-of-Government approach to an Ageing Australia
The design and distribution obligations (DADOs) should help to achieve a cultural shift within financial firms away from simply ‘selling’ financial products towards designing and distributing suitable products that meet customer needs. This submission comments on the revised exposure draft.
COTA Australia commends the delivery of stimulus measures designed to incentivise employment. COTA Australia does wish to express a number of concerns. No older workers should be displaced due to JobMaker. Wait times and the rate of JobMaker eligibility should be reconsidered.
COTA supports the needs for a broad inquiry into the financial system as there is some evidence that the current arrangements are not adequate to deal with the increasing size and complexity of financial services in Australia. COTA often receives correspondence from older people.