Concetta Fierravanti-Wells (NSW, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

Since the coalition came to government in 2013, pensions have increased by more than $99 per fortnight for singles and by more than $149 per fortnight for couples, and pensions will continue to rise twice a year. The age pension is paid at the highest fortnightly rate of income support and has the most generous indexation arrangements in Australia's social security system.

In 2015, the government made a decision to rebalance the age pension asset test to make the system better targeted and more sustainable. The asset test thresholds were also raised, making it more generous for people with modest levels of assets. Ninety per cent of pensioners are better off or have no change in their pensions under these measures. And you banked those savings at the 2016— (Time expired)