As it's more than 100 days now, it has been suggested that a new thread was needed. The current govt has been breaking promises and telling lies at a rate so fast it's hard to keep up.
This below is worrying, "independent" pffft, as if your own doctor is somehow what? biased, it's ridiculous. So far there is talk of only including people under a certain age 30-35, for now. Remember that if your injured in a car, injured at work or get ill, you too might need to go on the DSP. They have done a similar think in the UK with devastating consequences.
and this is the 2nd time recently where the Govt has referred to work as welfare???? So when you go to work tomorrow (or tuesday), just remember that's welfare.
http://www.abc.net.au/news/2014-04-20/disability-pensioners-may-be-reassessed-kevin-andrews/5400598
Independent doctors could be called in to reassess disability pensioners, Federal Government says
The Federal Government is considering using independent doctors to examine disability pensioners and assess whether they should continue to receive payments.
Currently family doctors provide reports supporting claims for the Disability Support Pension (DSP).
But Social Services Minister Kevin Andrews is considering a measure that would see independent doctors reassess eligibility.
"We are concerned that where people can work, the best form of welfare is work," Mr Andrews said at a press conference.
Independent red rags, "Citizen Journalists" with pink monocles certainly are a good source of C&P's from those averse to research, but now we have a C&P from no less than the Chifley Research Centre. the Australian Labor Party’s official think tank. Oh gosh, the "illumination" from this "light on the hill" will certainly match its source:
"A good way of working out whether this repeal is good or bad for you is to see who supports and who doesn’t."
Interesting point, and as the strident opposition here is from the pink Cyclopians, some of whom appear to have little knowledge of investment or commerce, one is led to the inevitable conclusion that again it is a topic which involves knee jerk political response.
Again I ask: what is unacceptable about the Palmer amendments to the FoFA Bill ?
The financial adviser is required to act in the best interest of their client and prioritise their client's interests ahead of their own
Any fees to the client are to be disclosed and the financial adviser will provide a fee disclosure statement annually for clients who opted in for an ongoing fee arrangement after 1 July 2013
A client has the right to return financial products under a 14-day cooling-off period
The consumer has the right to change his or her instructions to their adviser, if for example they experience a change in their circumstances
The financial adviser provides an explicit statement that he or she genuinely believes that the advice provided to the client is in the client's best interests, given the clients circumstances
Both the financial adviser and the client must sign the legally binding Statement of Advice
An enhanced public register of financial advisers is established, which includes a record of each adviser's credentials and status in the industry
As for those opposed, who you quote BIG, they include: Ian Yates from Council on the Ageing (COTA) who says the changes are bad for pensioners and will tempt financial planners not to act in the best interests of their clients
It would seem that he also does not research (or is out-of-touch) because:
"Mr Palmer says the Government agreed to strengthen legal requirements that financial advisers act in the best interests of their clients."
"Mr Palmer says the critics of his move "obviously don't know what they're talking about".
I find myself surprisingly in agreement with Palmer.
nɥºɾ
the abbott gang of shysters are getting on with uncle rupes wish list - what was it again - NBN - ridiculous (yes it is now), welfare - costs too much (fixing that up), climate change - well we shouldn't be building windmills and all that rubbish - don't worry rupes definitely onto that - privatising the ABC and SBS...soon...maybe.
"Mmmmmn....and this is supposed to make future and current investors feel rock solid confident?!"
Well that would include myself as an investor, but I am feeling confident, especially when considering what the market has done, below, over the last 3 years, and with an "interesting" trend. Not very odoriferous at all! :-
XJO which is the S&P/ASX200 Index (200 companies)
Here is the "evil" CBA (love them) and their dividends.
Telstra, wonderful return (14%) on shares bought 3 years ago (thank you NBN snail fiasco)
And you can not have any of mine .
nɥºɾ
PS
If you have trouble with graphs, remember that: up is good, down is bad. Trend period is important, but that is another lesson.
