Concetta Fierravanti-Wells (NSW, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

On the issue of the age pension, we have fewer and fewer Australians paying tax for more and more ageing Australians. Our dependency ratio is being affected and, of course, we have to make some tough decisions to ensure that the age pension remains sustainable and supports those most in need. The pension assets test taper rate has been rebalanced to make the system better targeted and more sustainable into the future. The amount of assets, excluding the family home, that pensioners can hold without it impacting on their pension was increased. In relation to pensioners, let me go back to what I was saying before; that is, the $60 billion tax grab that Labor is taking from pensioners— (Time expired)