According to a recent report produced by the Government’s Australian Institute of Health and Welfare*, Australians are living longer—with more of those years lived in good health.
When it comes to home-ownership, for most of us this is achieved through saving a deposit and funding the balance via a home loan from a lending institution (e.g. bank, building society or credit union).
In our article, ‘Australia's three-pillar retirement income system’, we discussed in detail Australia’s retirement income system—a three-pillar approach, which has been pursued by the Government for the last few decades.
As we approach the 2020 festive season and begin to turn our eyes to some well-earned R&R, it’s important to highlight that a number of key Bills recently passed through the parliamentary process and became Acts.