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Federal budget tackles major issues for NSW seniors

10 May 2017

The reinstatement of the Pensioner Concession Card, and incentives to encourage older Australians to free up housing stock in last night’s Federal Budget have been welcomed by Minister for Ageing, Tanya Davies.

Mrs Davies said approximately 34,500 older people in NSW lost their Pensioner Concession Card as a result of changes to the new asset test introduced earlier this year.

“I applaud the Commonwealth Government for reinstating the pensioner concession cards for those who lost them as a result of the new asset test.

“The Pensioner Concession Card provides much needed discounts and subsidies across a wide range of essentials, including prescription medication, water, and electricity, and the reinstatement of this entitlement will help reduce the financial pressures on this group of seniors,” Mrs Davies said.

Mrs Davies was also supportive of the Commonwealth’s housing measures that relate to older people.

“A hurdle for older home owners, looking to downsize, are the costs associated with selling the family home.

“The Commonwealth now encourages pensioners to consider downsizing their homes by allowing the proceeds to be deposited into super,” Mrs Davies said.

In addition, Mrs Davies said seniors should be pleased overall with last night’s Federal Budget.

“Reinstating the Pensioner Concession Card to the 34,500 seniors in NSW showed that the Commonwealth Government recognised the issues the change had caused.

“Further, housing initiatives relating to older people is the kind of innovative solution that not only benefits seniors, but also first home buyers trying to get into the housing market,” Mrs Davies said.