Daily News - 23 April 2015

Posted 23 April 2015 12:25pm
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New report reveals alarming levels of discrimination against older workers

Newsboost

The results of the nation’s first survey of age discrimination at work will be released today, revealing the extent of the discrimination faced by older Australians.

Federal Treasurer, Joe Hockey will officially launch National Prevalence Survey of age discrimination in the workplace this morning, with Age and Disability Discrimination Commissioner, Susan Ryan.

“The results show that over a quarter of Australians aged 50 years and over report that they had experienced some form of age discrimination in the last two years, and 80 per cent of those spoke of negative impacts,” said Commissioner Ryan.

“I am particularly concerned that a third of people who had experienced age discrimination gave up looking for work as a result. Almost half began to think about retirement or accessing their superannuation fund.

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Labor's plan on super tax breaks is step in 'right direction' but more is needed: economists

James Massola - The SMH

Labor's plan to target superannuation tax concessions for the well-off fails to take advantage of another $9 billion in savings available and falls short of making the system sustainable, according to one of Australia's leading economists.

Opposition Leader Bill Shorten and treasury spokesman Chris Bowen on Wednesday announced a trio of proposed changes designed to raise about $14 billion in revenue over a decade.

Those changes include limiting the tax-free threshold to superannuation earnings at or below $75,000 per year, affecting about 60,000 people; removing a 10 per cent tax concession for people on defined benefits schemes earning more than $75,000, affecting about 9500 people; and reducing the high-income threshold at which the contributions to a super-fund attract a 30 per cent rate, twice the standard 15 per cent rate for everyone else.

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Better jobs data may hide a few nasty truths

Greg Jericho - The ABC

Last week's unemployment figures did bring some good news, but beyond questions of statistical anomalies there's still the issue of our slow growth and how that will affect next month's budget, writes Greg Jericho.

Last week's unemployment figures contained what would seem to be unambiguously good news. It would seem as though we have turned the corner.

But the data at the moment is fluctuating quite wildly and even the most positive shine on the figures shows the economy is still barely struggling along.

Among the good news last week was that the unemployment rate in seasonally adjusted terms had fallen to 6.1 per cent, and the estimate last month for February of 6.3 per cent had been revised down to 6.2 per cent. Meaning we had a record number of people employed and a record number of people employed full-time.

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Medicare set to undergo major revamp; Government to review procedures, tests and treatments

Sophie Scott - The ABC

Medicare is to undergo a major shake up, with the Federal Government announcing every subsidised test, treatment and procedure will be investigated to make sure it is effective and value for money.

Minister for Health Sussan Ley announced the wide-ranging review, saying Medicare needed to be revamped.

Explained: The Medicare shake-up

More than 5,500 services currently funded by the Medicare Benefits Schedule are under review. What does that mean for you?

"It has come back to me through every single consultation with doctors that the Medicare system is sluggish, bloated and at high risk of long-term chronic problems," Ms Ley said.

"Patching it up with bandaids is not a solution."

 

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