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Not a problem on my mediocre balance, but I think it stinks that ALL younger workers will be affected as they'll nearly ALL be the ones with balances over $3m by retirement age, but that $3m will be worth so much less to them by then with inflation gobbling into it!

Govt (regardless of which party) cannot be trusted obviously:(

Thankyou

Thisis appalling! Spot on! Our govt's certainly don't seem to like anything that helps our local Aussie people at all apparently!

This is appalling! Our govt's certainly don't seem to like anything that helps our local Aussie people at all apparently!

Pretty sure it's actually almost 500,000 people per year coming in, not 40,000!

Govt have spent all their $ on new arrivals to the country & foreign aid perhaps?

This is a surely shameful, but I bet govt won't step in & put a stop to it either since they are hell bent on destroying anyone who isn't a big business cronies! They also have the hide to say they only doing it in response to a skill shortage, they must think we are stupid when they spew their...

Legends, reminds me so much of my deceased dad (who made anything work) & my younger brother, who also runs his older model (80's) Lancruiser on fish & chip/vegie oil & is about to embark on another big outback trip he's been around Australia a couple times in the old Landcruiser on vegie oil...

Um overwhelming! Most of this sounds too difficult or not enough info HOW or what consequences of these actions might be!

Gotta start wondering what Centrelink deeming rates are on the interest earned now days? Also would start wondering how much tax the govt will take from these "interest bearing" accounts come end of financial year? Also starting to think I'd be withdrawing any savings & paying off a mortgage...

Thieves will prob try even harder to penetrate this one, coz they'd suspect something very worth stealing in there! Need harsher laws to protect victims (as a deterrent in the first place) would make more sense!

Desperate times, desperate measures! Thankfully good neighbour (& police) was on to it, but I bet the mongrel would've got a bigger fine for a civil or driving offence (or national park misdemeanour like gathering firewood to keep warm, etc) than for terrifying or even harming his victims...

Magic word... es CHEAT!

Wills can be contested anyway, so once again the wrong ones get the handouts & free ride as is almost always the case :( If you work hard it seems you get all the grief, stress & poverty (& maybe health problems to boot, unless the karma bus swings by, which can be sweet to watch sometimes)!

Just another legal way govt rob us blind at every chance they get, why would estates be any different? (to all the taxes, levies, fees/service fees & charges/surcharges, bank account & mortgage fees/taxes stamp duties, admin charges, insurances (they get a cut from), gst, sales tax, land taxes...

Govt wont be happy until everyone except politicians & their big business wealthy cronies are homeless & have nothing left! They won't ever need 2nd jobs themselves & if they did the tax/ rules wouldn't apply to them anyway, they'd make sure of that!

Well said! System is pathetic & heartless politicians making the funding cuts & ridiculously harsh rules should be forced to forfeit their huge salaries to help out! NDIS has been a joke & not improving at all

And if you're not yet 67yo, don't forget the 5 year & other Centrelink deeming rules regarding bank account savings/interest & gifting, etc & what you can & can't do that can affect Clink payments! Highly recommend seeing a FISO (Financial Info Services Officer, they're free & anyone can make...

It stinks when genuine recipients hit hard times thru no fault of their own & Clink kicks them in the guts to top it all off (victims so often seem to be soft targets to big business & govt departments these days) Yet they can turn a blind eye on immigrants receiving payments & all the...