AUDIO: The aged care sector has a strong claim to any savings made in superannuation tax concession reform and needs to be out there advocating for it, according to a senior economist.
All groups including the superannuation industry agree that the tax reforms to retirement incomes are inevitable, The Australia Institute senior economist Matt Grudnoff told the Leading Age Services National Congress on Monday.
He said tax concessions were worth about $35 billion and were currently going toward retirement incomes, but they could go toward aged care services.
Following his presentation, Mr Grudnoff told AAA’s Natasha Egan that the aged care sector needed to get ahead of this reform and lay claim to some of the money:
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