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Submitted by Cam on Wed, 05/23/2018 - 11:53

I support the idea of a broad discussion about the objectives of the age pension. The family home exemption can have a range of unintended consequences. A retiree thinking of selling in a capital city and moving to the coast where housing is cheaper can lose their age pension entitlement, discounts on council rates, public transport, car rego, etc and be affected by Labor's franking credit policy with its pensioner guarantee. The couple deciding to stay means one less family home for first home buyers and the older couple struggles to maintain their property. The exemption favours retirees in Sydney and Melbourne where home values are higher so they have more assets exempt from the age pension.It seems a poor allocation of taxpayer money to pay an age pension to someone living in a house worth $millions rather than people struggling to survive from week to week. A public discussion will give us all time and information to consider the facts, and conclude what to change if anything.

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