The government's decision to allow Australians access to their retirement savings was designed to only assist those experiencing financial hardship as a result of loss of income
due to the coronavirus pandemic. The Labor Party claimed the scheme had blown out by $12 billion with 560,000 people emptying their entire superannuation. Image: News Corp Australia
Smart move looking at the situation
Given the economic insecurities of today, many people who have a mortgage are facing the stress of losing their job & losing their home. If using superannuation funds means people can remove the debt on their home and give them more secuity today then it should be allowed.
What a stupid idea. When you can fix your interest rate around 2% what kind of idiot would withdraw super to get ahead in the home loan.🤷🏻♂️
AXE Compulsory Superannuation, Make it Voluntary Freedom of choice: WB
Good on them, wise thing to do 👏👏
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'Taxpayers' left with 'increased burden' from govt super early access scheme | Sky News AustraliaLabor has expressed “great concern” over the Morrison government’s early access to superannuation scheme due to fears many people will be left with inadequate funds for retirement in the future. \n\nUnder the scheme, Australians struggling under the impact of the coronavirus would be allowed to access up to $10,000 of their super. \n\nOpposition Leader Anthony Albanese said on Thursday Labor was very concerned about Australians who partook of the scheme because it could mean “substantially less income for them when they retire, and that will place a greater burden on the future tax payers as well”. \n\n'Not only are we now facing the issue of increased debt which will have to be paid off for many years into the future, there will also be an increased burden as a result of people not having superannuation funds to fund their own retirement,” he said. \n\n“We know that this government has been prepared to undermine superannuation at every opportunity so we don’t blame at all people, individuals that have taken decision based upon a feeling that they need to get some immediate income.\n\n“This is a case of ideology being imposed by the government and we are very concerned about it.” \n\nImage: AP Oh well let’s just put it all on the socialist credit card. Nothing would go wrong with that. ScottMorrisonMP macsween_prue kelliekelly23 RitaPanahi mirandadevine M_McCormackMP australian viellarisr DebFrecklington GladysB JonathanLea10 mattjcan DamTom79 'Labor Leader of the Opposition Albanese the equivalent of a Twitter troll' Labor needs to worry about how to get Dan out so people have faith again in the VIC govt... Then they can move on to bashing LNP. While Dan is therw nobody will take Albo seriously.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Nine Network axes a dozen jobs and shortens regional news bulletinsA dozen regional journalists are expected to lose their jobs as Nine Network announces job cuts in a revamped local bulletin. lmao they doin better than you guys and they're private. Please tell me Tracy was one of them!! Good
Source: abcnews - 🏆 5. / 83 Read more »
New forecasts predict travel to recovery slower than expected | Sky News AustraliaThe International Air Travel Association has predicted the recovery of international travel to be slower than first expected. \n\nThe group revised its original predictions, saying global passenger travel may not return to pre-pandemic levels until 2024 which was a year longer than was originally forecasted. \n\n Slow containment of the coronavirus in the United State and China as well as uncertainty over border re-openings were pinpointed as primary causes for the delay. \n\nDecreased corporate traffic and low consumer confidence were also identified as contributing factors. \n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Vic records nine deaths, 295 new coronavirus cases | Sky News AustraliaVictoria has recorded 295 new coronavirus cases and nine deaths in the past 24 hours. \n\nVictorian Premier Daniel Andrews said seven of the nine deaths were from private sector aged care. \n\nThe Premier confirmed the state’s death toll as a result of the virus now stood at 92. \n\nThere are 307 Victorians being treated for COVID-19 in hospital, 41 of whom are in intensive care. \n\nMr Andrews said there were 804 active cases of the virus in aged care and 502 in the health workforce. \n\nThere are 4839 total active cases of the virus across the state, 4575 of which are in Metropolitan Melbourne and the Mitchell Shire and 195 in regional Victoria. \n\nThe Premier said ADF personnel visited more than 500 people who were diagnosed with the virus – after being unable to reach them via phone - and found 29 who were not at home. \n\nHe said those 29 Victorians had been referred to the police for investigation. \n\n\nImage: News Corp Australia DanielAndrewsMP No more deflection DanielAndrewsMP ResignDanielAndrews DanielAndrewsMP Est*75,000 people live in aged care facilities in Victoria, they must make up a considerable number of the 22,500* Victorian's that would in any event die in the 2nd half of 2020, must be a dozen Victorian nursing home residents die on a good day. DanielAndrewsMP Stop. Everyone gets the flu. It is about the deaths, Lies from MSM.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
More than 15,000 homes on NSW coast blackout during severe storm | Sky News AustraliaMore than 15,000 homes blacked out and almost 100 remain without power on the New South Wales South Coast after a severe storm moved through the region. \n\nThe NSW SES Commissioner urged motorists to be vigilant and regularly check traffic updates as many roads remain closed due to flooding. \n\nEmergency services responded to more than 2,000 calls for assistance since Saturday, with many coming from drivers trapped in flood waters.\n\nImage: News Corp Australia It's the windmills yeah? Are you going to blame Dan Andrews for this too? That's bloody reliable coal for you.... A bit of rain & the power goes out.... How useless.... Bring on the reliable renewables.... 😏🤔
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Prime Minister's staffer in coronavirus isolation | Sky News AustraliaThere has been a potential coronavirus scare involving Prime Minister Scott Morrison, with one of his staff members now in isolation in Sydney.\n\nThe staffer tested negative for the virus but will spend two weeks in isolation after attending the Apollo restaurant in Sydney's Potts Point. \n\nIn a statement to Sky News, a spokesperson for Mr Morrison said the acting Chief Medical Officer said the Prime Minister was cleared to continue with his plans because the staff member had no COVID-19 symptoms. ScottMorrisonMP Staffer tested negative but it’s a scare? ScottMorrisonMP Sky News will blame Labor ScottMorrisonMP This is mind blowing. Watch the extent to which the socialist media will do ANYTHING to destroy TRUMP even if it costs lives.
Source: SkyNewsAust - 🏆 7. / 78 Read more »