Superannuation should be used for aged care, not inherited by next generation, aged care CEO says
Labor should urge Australians to rethink purpose of super, Tracey Burton says, so country’s $4tn in superannuation could help plug funding shortfallsGet our breaking news email, free app or daily news podcastLabor should more actively encourage wealthier Australians to spend more of their...
<p>Labor should urge Australians to rethink purpose of super, Tracey Burton says, so country’s $4tn in superannuation could help plug funding shortfalls</p><ul><li><p>Get our <a href="https://viewer.gutools.co.uk/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://viewer.gutools.co.uk/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Labor should more actively encourage wealthier Australians to spend more of their superannuation on their own care, an industry leader says, to help free up capacity in the <a href="https://www.theguardian.com/australia-news/2024/feb/13/over-1000-cases-of-neglect-reported-each-month-in-australias-aged-care-homes">struggling system</a> to protect elderly people without means.</p><p><a href="https://www.theguardian.com/australia-news/2025/jul/28/labor-faces-backlash-aged-care-reforms-delays">Tracey Burton</a>, the chief executive of Uniting NSW and ACT, will tell an industry event next week that some wealthier people believe they are entitled to fully publicly funded aged care – even while they maintain large superannuation balances with the intention of leaving the money to their next generation.</p> <a href="https://www.theguardian.com/australia-news/2026/mar/21/superannuation-should-be-used-for-aged-care-not-inherited-by-next-generation-aged-care-ceo-says">Continue reading...</a>
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