Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

We are proposing no changes to pensions until after the next election. The changes that we are proposing will make the pension fairer and sustainable.

They will make it fairer, because they will give 170,000 pensioners with modest assets an extra $30 a fortnight, and more sustainable because we will take away the part pension from millionaires who own their own homes and who have a million dollars in assets in addition to that. We are happy for those people to keep the Commonwealth Seniors Health Card, because we appreciate that they have worked hard and saved. But our position is that we should not have millionaire part pensioners.

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