AUSTRALIA’S PENSION BILL
£212,077,474 YEARLY. The Federal Auditor-General recently directed special attention to the enormous cost- of the pensions system in force in Australia. He suggested that. (In' time had arrived when there should be a general review of pensions payments, more particularly because o' the state of tbi' country’s finances. Included in the sum mentioned are the payments made in respect of tlie maternity allowance —£5 for each child horn in the Commonwealth since 1913 irrespective of tlie financial position of the parents. Old age and invalid pensions became operative in 1910. and war pensions date from 1916. Payments under the three heads have been as follow: £ Old age and invalid pensions 111.468,415 War pensions 88.862.426 Maternity allowances ... IL7^L6>S33 Total £212.077.-17-1 In 1915. average fortnightly payments to old ago and invalid pensioners were 19/4. but at tbe end of last year t bad reached an average of 38/5 per lead. The annual liability for war pennons in Australia was £7.762.508 jn 1930.
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Hokitika Guardian, 18 April 1931, Page 6
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163AUSTRALIA’S PENSION BILL Hokitika Guardian, 18 April 1931, Page 6
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