News

To you, I bequeath my enormous medical bills

To you, I bequeath my enormous medical bills

Raising kids is an expensive business, especially if they don’t move out of home until they’re sprouting grey hairs themselves. But payback for these KIPPERS (Kids In Parents’ Pockets Eroding Retirement Savings) could be on the cards if Australia follows the lead of Germany, where children can be held liable for their parents’ healthcare if their parents can’t cover the […]

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Should a big home mean a smaller pension?

Should a big home mean a smaller pension?

Should the full value of your family home be included in the age-pension asset test? That’s one of the options being considered by a Senate committee investigating cost-savings in the federal budget. The Business Council of Australia’s president, Tony Shepherd (pictured), who also chairs the committee established by the Abbott Government, submitted the proposal to scrap the long-standing exemption to […]

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Pollies do battle over your super again

Pollies do battle over your super again

Should super funds be allowed to spend members’ money on publishing a daily newspaper? A group of industry super funds says yes: in recent months they’ve launched The New Daily, a news website edited by former News Corp Australia and Fairfax Media executive Bruce Guthrie (who famously sued his former employer for six figures when sacked as editor of the Herald Sun newspaper). […]

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Why 2014 could be the year the postman is privatised

Why 2014 could be the year the postman is privatised

Should publicly-owned companies such as Australia Post, Medibank Private and electricity networks be sold off? Would consumers benefit? That’s been one of the hot topics of recent weeks after the competition watchdog suggested it in a newspaper interview about an upcoming federal government review of competition policy. “There is no doubt in my mind that energy prices, particularly in NSW and Queensland, […]

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An Old Idea for the New Year, from John Singleton

An Old Idea for the New Year, from John Singleton

Fifty seems to be the magic number. I spent 50 years in advertising and something really funny happened from the time I turned 50, which was 22 years ago. Even when you work in the advertising business you have 20-year-olds doing television commercials that are best appealed to 30-year-olds. I had been more successful than anyone else in advertising in […]

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