Australian taxpayers are set to fund $2.7 billion in combined paid parental leave and childcare subsidies for households with incomes above $300,000 in the next financial year, according to Policy Institute Australia.

YourLifeChoices has highlighted new research from Policy Institute Australia proposing changes to Age Pension means testing, including counting a portion of high-value homes in the assets test. The report argues the reforms would better target support to those most in need while improving the long-term sustainability of Australia’s retirement income system.

Policy Institute Australia has proposed reforms to save up to $21 billion a year by better targeting government support. The changes focus on pensions, aged care, childcare and parental leave, directing assistance to those most in need. The report argues the reforms would make the welfare system fairer and more sustainable.

Policy Institute Australia estimates taxpayers provide $2.7 billion each year in Child Care Subsidy and Parental Leave Pay to high-income families who need little government support. The report argues current income thresholds are too generous and no longer well targeted. It recommends tightening means testing to better direct assistance to lower- and middle-income households while […]

Policy Institute Australia has proposed major reforms to Australia’s welfare system, including counting high-value homes in the Age Pension assets test and introducing a HECS-style Retirement Contribution Scheme. The reforms aim to better target support, improve fairness, and save up to $21 billion a yea

Australian Prime Minister Anthony Albanese is facing mounting public and political pressure following last week’s federal budget, which included proposed changes to negative gearing and the capital gains tax (CGT) discount. Policy Institute of Australia CEO Amy Auster warns the tax changes could fail to address the core issue of housing supply. She speaks on […]