COTA Australia welcomes the opportunity to provide suggestions for the development of the Letters Patent (Terms of Reference) for the announced Royal Commission into the Quality and Safety in Aged Care.
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 provided brief comments on the Retirement Income Covenant Position Paper issued by Treasury and broadly supported the proposals in the Position Paper. In particular COTA Australia supports the two Covenant Principals and the eight Supporting Principles.
COTA regards the draft Standards Guidance as a comprehensive guide to the delivery of the core standards which focus not only on the quality of care and safety standards expected of services, but also on the delivery of services that meet the ‘quality of life’ expectations of consumers and carers.
COTA Australia provided a brief response to the Department of Social Service's consultation on its Position Paper 'Means Test Rules for Lifetime Retirement Income Streams' released 16 January 2018 and revised 7 February 2018.