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Submitted by John Zwartkruis on Tue, 08/08/2023 - 12:52

This is an unacceptable proposal and must not be made mandatory. Our whole life we paid Super for Retirement purposes. This included knowing, but hoping not, to fall victim of needing aged care. If however aged care became necessary, then our Super would still pay our income and help pay for our Aged Care Needs.

To now Ring-Fence part of my, and everyone else's Super, restricts our freedom to enjoy our retirement years the way we had planned. This proposal is TOTALLY UNACCEPTABLE.

Prior to my retirement I was a Financial Planner. I always advocated to my clients the need to plan their finances as well as their daily activities, so that retirement would be rewarding and enjoyable. To now be targeted and have part of my and their Superannuation quarantined is imposing a new rule that was never part of the Superannuation Rules during our working years.

Furthermore, I find it most offensive to read that families whose incomes can be as high as $530,000 p.a. still qualify for Child Care support. This is totally out of balance and to now propose to Ring-Fence of our Super is an unwarranted attack on our Senior citizens who worked hard all their lives so that they can enjoy a richly deserved Retirement.

I say a definite NO to this proposal. Shame on the Superannuation Industry for proposing it. I urge all retirees to voice their opinion on this subject.

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