Rebekha Sharkie (Mayo, Centre Alliance) Share this | Hansard source

My question is to the Treasurer. 2020 has been a challenging year for older Australians. Many retirees have put savings in government guaranteed term deposits because they are concerned about the share market and need cash reserves to help them get through. With the current cash rate at 0.1 per cent and term deposits at 0.6 per cent at best, the upper deeming rate of 2.25 per cent is clearly too high. Treasurer, when will the government assist older Australians and cut the deeming rate?

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