mproving decision-making around future pandemics requires an understanding of the decision-making that underpinned Australia’s COVID-19 response – not only how decisions were made, but also by whom and on what basis.
The National Foundation for Australian Women supports in principle the imposition of a higher tax rate on high balance accounts. We are concerned that the principle of equitable outcomes will be lost in the discussion around the mechanics of how the charge will be calculated, particularly the characterisation as a tax on unrealised gains.
The National Foundation for Australian Women supports legislating the Objective of Superannuation. The Objective should include the criteria of:-Preservation of savings-Generating income in retirement-Government support through the Age Pension and services including health and aged care-Ensuring a dignified retirement-Equity and sustainability
It is now widely acknowledged that the different elements of the retirement income system affect women differently to men. The design of the superannuation guarantee system is inherently flawed as it is based on lifetime income.
It is now widely acknowledged that the COVID-19 pandemic is affecting women and men in different ways; it is not gender neutral. The by-products of economic shock and its impact on insecure employment have hit women particularly hard. Women are over-represented in industries most affected by the virus.