Under the National Partnership Agreement on Certain Concessions for Pensioner Concession Card and Seniors Card Holders, the Commonwealth provides financial assistance to the states and territories for the provision of these concessions to PCC holders.[6] The most recent Agreement commenced in January 2013 and is set to expire on 30 June 2016. The Commonwealth intends to terminate this agreement from 1 July 2014, and will no longer provide financial assistance to the states and territories for the provision of concessions, providing savings of $1.3 billion over four years. The states and territories are yet to issue a response to this measure but it is likely that, without this financial assistance, many concessions currently available will be withdrawn or reduced. Any changes will raise the cost of living for pensioners and retirees, particularly in terms of energy bills and transport costs. aph.gov.au/about_parliament/parliamentary_departments/parliamentary_library/pubs/rp/budgetreview201415/pensioners
Posted on: Sun, 29 Jun 2014 06:45:03 +0000
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