Mitch Fifield (Victoria, Liberal Party, Assistant Minister for Social Services) Share this | Hansard source

As was indicated in the budget and, indeed, in the MYEFO, and also in the Intergenerational report, the intent of this government is to see pensions put on a sustainable footing. It is our hope that, in the future when the budget is in a better and stronger position, it will be possible to revisit the matter of the indexation that is related to pensions. As I say, that is something that was made clear in the Intergenerational report. It was something that was made clear in MYEFO. Let me read from page 32 of MYEFO:

Once the Budget returns to a surplus of 1 per cent of GDP, there will be more capacity to revisit the level of government support provided to groups such as age pensioners, while having regard to other factors such as the ageing population and a maturing superannuation system.