This would have to be one of the most absurd ideas a government can come up with; especially one which is meant to have at least a modicum of fiscal conservatism. The government is about to use taxpayers money to go where banks fear to tread.
The concept is good. The implementation poor. The potential negatives are not yet fully known. Already though, there are compelling reasons to opt-out of the government’s My Health Record. And most importantly, make sure you opt kids/grand-kids out.
The Hon Scott Morrison MP handed down his third Federal Budget on the 8th of May 2018. Pleasingly, superannuation has again largely been left alone.
Shock horror. Whilst talk of the biggest ever fall on the Dow Jones makes for good headlines, a 4.6% is a big one day drop, but it is far from a ‘crash’.