Seniors Archives - Consumers' Federation of Australia

15 March , 2022

Super Consumers Australia launches consultation on retirement savings targets

The research released for consultation today is designed to help Australians answer one of the most important financial questions they face, “how much do I need to save for retirement?” “Our goal is to develop trustworthy retirement targets that give people a solid ‘rule of thumb’ on what they’ll need to save to maintain their…

12 April , 2021

Retirement Living Code of Conduct – Annual Report

The Code Review Panel for the Retirement Living Code has published its inaugural Annual Report. The report confirms that in Australia today, more than 46% of retirement village residents are living in a Code Compliant community. The Code Review Panel comprises Dr Elizabeth Lanyon (Independent Chair of the Code Review Panel), Peter Nilsson (Operator Representative),…

31 March , 2021

Banks call for consistent laws to prevent elder abuse

Australian banks are urging state and territory governments to adopt consistent laws on powers of attorney to prevent elder financial abuse. This is a media release from the Australian Banking Association. It was originally published on 31st March, 2021. State and federal Attorneys-General are meeting today to consider a scope for a national register of power of…

16 February , 2020

Consumer research centre releases latest report – Choosing care: the difficulties of navigating home care

The report from Consumer Policy Research Centre (CPRC) draws on research undertaken in partnership with University of South Australia (UniSA) which surveyed 502 Home Care Package (HCP) recipients across metropolitan Australia in June and July last year. “Older Australians are being abandoned by the system, often unable to access the necessary support to live happier,…

31 July , 2019

How to stop paying fees for bills you receive in the mail

Consumer protection regulators are running a national campaign to help consumers avoid paying extra fees to receive bills in the post. People who prefer to receive paper bills are usually seniors, consumers on a low income, or people without internet access, which means that vulnerable consumers end up paying extra just to pay their bills.…

10 January , 2019

Advocates call for changes to superannuation sector

People will be hundreds of thousands of dollars worse off in retirement if the Federal Government doesn’t act now to stop the superannuation sector eroding savings. Today the Productivity Commission has released its plan to reverse the outdated structure that has led to poor performing funds, multiple accounts and zombie insurance policies. Fixing these problems…

23 November , 2018

NSW Retirement Village Shake Up

Retirement village residents and their families will be better protected under new legislation that has passed Parliament. Minister for Better Regulation Matt Kean said the NSW Coalition implemented a number of reforms recommended by Kathryn Greiner AO, following her independent inquiry into the retirement village sector last year. “For too long, retirees and their families…

19 September , 2018

COTA welcomes Royal Commission into aged care but warns against delaying reforms

Peak older persons advocate, COTA Australia, today welcomed the Royal Commission into aged care for the spotlight it will throw on the challenges facing aged care over the next two decades, but warned it must not delay significant reforms now underway and in the wings to improve safety and quality standards for the 1.3 million…

12 July , 2018

Consumer advocates welcome ACCC Final Report on electricity market

Consumer advocates have welcomed the findings of the Australian Competition and Consumer Commission’s (ACCC) Retail Electricity Pricing Inquiry Final Report, released yesterday. Energy Consumers Australia Acting CEO Lynne Gallagher said the final report confirms what consumers have been saying: that the electricity market is not working as it should and not delivering good value for…

23 April , 2018

COTA welcomes Aged Care reforms

The Turnbull Government has announced significant reforms that aim to give senior Australians and their families confidence they will be properly cared for. A new national independent Aged Care Quality and Safety Commission will also be established to increase transparency through a publicly available rating against quality standards. The establishment of the Commission is in…

2 November , 2017

Standards, Ageing Societies and the Silver Economy

Recently Standards Australia and the Australian Government – Department of Industry, Innovation and Science presented at the APEC Sub-Committee on Standards and Conformance (SCSC) on the APEC Silver Economy Workshop and Recommendations Report APEC SCSC endorsed all four key recommendations: Recommendation One – APEC should accelerate and mainstream efforts in supporting ageing societies. Recommendation Two…