Last week, she approved gas giant Santos’ plan to drill 116 new coal seam gas wells in Queensland (“ Plibersek downplays Santos gas expansion as safeguard talks continue”, February 22). Last year, at the UN Ocean Conference, Environment Minister Tanya Plibersek declared “the environment is back – front and centre”. We must halt global emissions this decade and prepare for more catastrophic climate events – so far we have done neither.īrenda Tait, Kensington, Vic Plibersek’s actions don’t match her words

Our collective moral imperative to tell the truth has never been more necessary. In a world where facts and science are nullified and mind-numbing commentary still exalts the role of fossil fuels, we are surely living in a version of Orwell’s fictional country Oceania. Terms such as “flexibility” along with “perfectionism”, “safeguard mechanism” and the “energy transition” (“ Maintain flexibility under the net zero climate target”, February 22) bring to mind George Orwell’s novel Nineteen Eighty-Four. The balance of where savings are directed affects the health of big business and Australia’s comparative power to invest in itself.Īdvertisement Orwellian terminology in a version of Oceania The comparable wealth of Australians has been established through forced savings. Tax mechanisms can force savings outside of commitments to super funds. This protected Australia somewhat in the global financial crisis, and forced savings. Superannuation is a means to transfer funds to business and listed corporations as opposed to homes and discretionary spending. David RoweĪ model establishing how much is needed to live comfortably for about 25 years inclusive of the lump sum should form the basis for contribution limits.

Treasurer Jim Chalmers says he is moving “to end super wars once and for all”. It allows a person to spend $80,000 annually if they live to 87, or about $53,000 a year if they live to 97. The definition needs to encompass the use of the lump sum saved as provision for retirement, not only the income from it.Īn amount of $1.6 million allows a person to spend $160,000 a year for 10 years if they live to 77 (without calculating any income received in the interim). Jim Chalmers’ proposal to define superannuation’s purpose is cited as providing “income” in retirement.

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