I dont think its a tale of two different economies, I think its a - TopicsExpress

I dont think its a tale of two different economies, I think its a tale of two different policy choices, PricewaterhouseCoopers (PwC) New Zealand partner and corporate tax leader Geof Nightingale said. I think the difference really is that Australias policy pain has come last Tuesday night. Ours came a few years ago and were enjoying a modest relief from budget pain. But the Key government has failed to make any quick or hard decision on lifting the age at which workers can retire and access their superannuation, according to PwCs Mr Nightingale. Australia leads us heavily here. You already means test your pension, youre now stretching out eligibility to 70 and you have enormous superannuation funding. New Zealand still has to grasp that nettle and face that reality, Mr Nightingale said.

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