Lower income Australians are putting their future prosperity at risk if they take up the government's 'highly irresponsible' offer to withdraw some of their superannuation, according to AustralianLabor backbencher Ed Husic
Lower income Australians are putting their future prosperity at risk if they take up the government's "highly irresponsible" offer to withdraw some of their superannuation, according to Labor backbencher Ed Husic. The Coalition will allow some Australians to withdraw up to $20,000 of their own super as part of its coronavirus hardship scheme.
Financial experts have warned women and younger workers stand to lose hundreds of thousands if they access the scheme now. Mr Husic told Sky News he's "had a gutful" of the big business and the Coalition using the coronavirus as a means to undermine superannuation. "Some in the business community and some in politics just reckon people will go on the pension and they will be looked after that way, which is fiscally irresponsible," he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Govt rules out additional funding for universities | Sky News AustraliaEducation Minister Dan Tehan says there is no extra funding on the table for universities despite warnings 21,000 jobs in the sector are at risk. \n\nUniversities Australia warned the $18 billion funding guarantee would not be enough to prevent the job losses. \n\nBut Mr Tehan told Sky News the government’s package, which would see higher education providers offered cut-price short courses, should sustain the sector through the rest of the year. \n\n“This package puts a very good ballast into the sector. I look forward to hearing how the discussions go between Universities Australia - and the group they’ve got working with the union - to see what arrangements can be put in place there,” he said.\n\n'My view is, we have put a package together that will see the university sector be able to sustain itself through the next six months and through the rest of this year.'\n\nImage: Getty
Read more »
Australia records 6,325 virus cases with 61 fatalities | Sky News AustraliaAustralia has recorded 6,325 confirmed cases of COVID-19 with two more deaths overnight, taking the national death toll to 61. \n\nA drop in the number of new cases has led authorities to believe social distancing measures have had an impact with only 22 new infections recorded on Sunday, although there are concerns the number of tests being conducted has decreased due to the holiday weekend. \n\nChief Medical Officer Brendan Murphy urged Australians not to be complacent and it was still too early to consider easing any restrictions. \n\nMore than 1.8 million cases of the virus have been recorded globally with more than 113,000 deaths. \n\nImage: Getty
Read more »
Border Force commissioner calls for 'hard border' at Australia's ports | Sky News AustraliaThe Border Force commissioner is calling for a 'hard border' at Australian ports to prevent further outbreaks of the coronavirus following the Ruby Princess cruise ship fiasco that saw virus-infected passengers released into the community.\n\nMichael Outram said the fiasco highlighted the need for a central point of responsibility to command and navigate decision-making and resources.\n\nAt least 16 passengers from the Ruby Princess have died after contracting the virus on board.\n\nA criminal investigation is ongoing.\n\nImage: News Corp Australia\n\n
Read more »
Geographic isolation could see Australia beam its sport 'all around the world' | Sky News AustraliaAustralian football codes could be 'beamed out to the rest of the world' if sporting authorities found ways to safely restart their season, according to former Liberal MP Fiona Scott.\n\nThe NRL has announced it is planning to resume its season on May 28, but federal Sports minister Richard Colbeck said that plan was 'optimistic.'\n\nAnnastacia Palaszczuk said the three Queensland teams will not be exempt from quarantine measures, meaning they would need to be interstate-based for them to complete the season.\n\nThe AFL has no return date while the rugby union team, the NSW Waratahs, are on the verge of standing down their players without play as the code grapples with the coronavirus restrictions.\n\nMs Scott told Sky News Australia 'advantageous geography' means our sporting codes could return to the field sooner than their international counterparts.\n\n'We have so many isolated communities that we could house rugby league teams or rugby union teams or soccer or AFL,' she said.\n\n'For instance, throw a team out on Hamilton Island, put one on Rottnest Island, there's a whole range of things we could do there to facilitate our sport re-opening.\n\n'Having our sport opening through some of these things and the media platforms we have, we could beam our codes to the world, that would be phenomenal.'\n\nImage: Getty
Read more »
Coronavirus vaccine trial launched in South Australia | Sky News AustraliaA landmark coronavirus vaccine trial has been launched in South Australia in a bid to boost immunity against the potentially deadly coronavirus contagion. \n\nMore than 500 state health workers will be given an existing tuberculosis vaccine to see whether an immune system boost could reduce the prevalence or severity of COVID-19.\n\nThe six-month trial will be offered to staff at The Royal Adelaide and Flinders Medical Centre.\n\nHalf of those taking part will be administered the active vaccine while the other half will be given a placebo.\n
Read more »
Over 100 cruise ship passengers will return to Australia infected with COVID-19 | Sky News AustraliaMore than 100 Australian and New Zealand citizens rescued from a cruise ship off the coast of Uruguay will soon arrive in Melbourne.\n\n96 Australians and at least 15 Kiwis have been stuck on the Aurora Expeditions ship for more than 2 weeks after travelling to Antarctica on March 15.\n\nThe group is on its way to Melbourne on a chartered flight at the steep cost of $15,000 dollars each and the ship's operator has asked the federal government to help with expenses. \n\nUp to 70 percent of the passengers on board the ship have reportedly contracted the coronavirus.\n\nHealth authorities say they are prepared to handle the influx of cases.\n\nImage: Getty
Read more »