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Chief Advocate Ian Henschke says it’s a “no brainer”. “One of the big problems we’ve got at the moment is we need tens of thousands, hundreds of thousands of workers,” he said on 6PR Breakfast. “And what happens if you are a pensioner and you work more than one day a week, and that’s only $240 … you lose 50 cents in your pension, and then you pay 19 cents in the dollar tax. “And that’s why Gina Rinehart, who’s the richest woman in Australia, has come out and said ‘fix it!’ Because it doesn’t make sense.”

So if you add all that up, party, this is a no-brainer. I mean, decent jobs, and that pensioners would want to be doing, age pensioners would want to be doing. If you look at aged care, for example, the greatest proportion of people working in aged care,. Are over the age of 50, right? So as they head towards their pension date. At the moment, they know that if the Aged care home or the home care provider says to them, would you like to work every weekend for us? Because we do need people on the weekends, they’ll discover very rapidly, but once I’ve worked on that Saturday, the Sunday, they’ll start losing 50 cents in the dollar, and they’ll say, look, it’s not working.

“If the government exempted work income from the income test for those with limited savings it would boost their income and savings in retirement, and boost the productivity of the nation,” Mr Henschke said. “We will nudge millions of Australians into, not out of, work.” The idea has support from business groups and figures. Mining magnate Gina Rinehart said the change would help ease the nation’s skills crisis. “We are a supporter of the government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work,” Ms Rinehart said.

Older Australians should be able to work longer hours without it affecting their eligibility for the age pension, a seniors group says.If just 5 per cent more chose to work, that would be an army of 130,000 additional workers.” Mr Henschke’s comments come after mining billionaire Gina Rinehart, pictured, in November said her company Hancock Prospecting supported similar changes to help ease the nation’s skill crisis. “Hancock recognises the shortage of staff Australia-wide disrupts many projects and delays supplies,” Mrs Rinehart said. “We are a supporter of the Government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work. Hancock is a very patriotic company that supports investment in Australia, primary industries and jobs in WA and Australia. When mining does well, Australia does well.”

A very big congratulations to all!

30 November 2021

WHEN Gina Rinehart raised the point at the Future Gold Coast luncheon on Thursday that it was time more investment was put into superyacht marinas around the cruising grounds of Queensland, it wasn’t a glib point. Those with the foresight on the Gold Coast for what a lucrative industry the superyacht cruising game is have backed investment in the sector – from extra berthing at the Southport Yacht Club to a tailor-made superyacht marina and maintenance sheds at The Boat Works as part of its $100m development program.

Ms Rinehart also pleaded for more beach clubs and improvements to coastal infrastructure, declaring Queensland ripe to poach the sailing tourist market from Europe. “What an improvement this would be, if government tape permitted, to combine the needed retaining wall with an international class beach club protecting the swimmers all-year round from sharks, crocodiles, dangerous jellyfish and stingers. “We mustn‘t squander the opportunity.”

The Hancock Prospecting Group posted one of the largest profit margins for private companies in the country with revenue up from $10.5 billion to $16.6 billion. The company paid $2.7 billion in taxes for the year.