Former federal treasurer Peter Costello urges a royal commission to address the complexity of income and assets tests for older Australians, after he 'had a lot of trouble' filling the forms in.
The Royal Commission into Aged Care must address the complexity of income and assets tests for older Australians, former federal treasurer Peter Costello says.The royal commission heard there are over 120 questions to fill in for the income and assets testThe inquiry heard that a special levy should be earmarked for a baby boomer 'bulge'
Mr Costello told the inquiry that income and assets tests should be part of future funding arrangements, but need to be simplified."You all ought to do them you know, I think there are over 120 questions and 27 pages — I had a lot of trouble filling it in," he said."I'm not being disparaging of the public servants on the other side of the equation, they're not financial advisors.
Mr Henry said he was concerned in 2009 when he delivered his landmark tax review, and remained concerned today.
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