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abc730 Profile picture
@abc730
Sep 1, 2020 • 7 tweets • 6 min read • Read on X
“We looked at getting some super out to pay for at least a month's worth of mortgage. We've just taken out the necessities now to get us through life and COVID.” – Erin Brooks, who had her work hours reduced. #abc730 #coronavirus #super @DanConifer
So far more than two and a half million Australians have withdrawn over $34 billion from their super savings. But that short-term gain could lead to financial pain in retirement. #abc730 #coronavirus #super
According to analysis from @Sydney_Uni’s Business School, withdrawing $20,000 from super amounts to about $50,000 less in 30 years. #abc730 #coronavirus #super
“Those that get quickly back into the workforce & are able to keep earning might be able to replace those funds quickly. For others, if they’re looking at an extended period of unemployment then it will be quite difficult to replace the savings.” – Prof Susan Thorpe, @Sydney_Uni
"For so many Australians the early release of super scheme has been a lifeline.” – @SenatorHume, assistant minister for superannuation. #abc730 #coronavirus #super
“Frankly, no worker expects to get a wage increase next year. The only people who are going to get anything are the people who are going to get the superannuation guarantee increase.” – @StephenJonesMP, shadow assistant treasurer #abc730 #coronavirus #super
“The reality is I had no choice. I wish I had a choice. And it upsets me to be honest that so many of us were forced into dipping into our super.” – Justine Coleman #abc730 #coronavirus #super

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More from @abc730

abc730 Profile picture
Jan 30, 2023
More than three decades after terrorists brought down an American airliner over Lockerbie in Scotland, families who lost loved ones are finally hoping to see justice. #abc730

abc.net.au/news/2023-01-3…
“The idea that they were coming home for Christmas and were blown out of the sky and took minutes to fall to earth … you couldn’t sleep when you thought about that.” – Bill Barr, former US Attorney-General #abc730
“It was very rewarding for me personally to be able to bring those additional charges. For me, it was finishing a job that I had started.” – Bill Barr, former US Attorney-General #abc730
Read 4 tweets
abc730 Profile picture
Jan 30, 2023
Tech billionaire @billgates is one of the best-known figures on the planet, responsible for decades of philanthropy targeting poverty, disease, infant mortality and more recently COVID-19. He spoke to @FergusonNews. #abc730
"I think Australia will be able to export green hydrogen and other clean products. It is certainly a country where the opportunity in a green economy is greater than it has been in the past." – @billgates #abc730
"The cost to be ready for the next pandemic is a rounding error compared to what it takes to re-tool the modern economy to solve climate change." – @billgates #abc730
Read 9 tweets
abc730 Profile picture
Jan 23, 2023
The days of being swamped with politicians talking about COVID already seem like a long time ago. But the virus continues to run rampant, making a lot of Australians sick and killing many, even if we don't seem to be talking about it publicly as much. #abc730
Joining @latingle in the studio to discuss the nation’s latest COVID strategy are @CrabbBrendan, @nadahamad, and @RDNS_TAI. #abc730
"The current approach to COVID in Australia is to let it run in a so-called healthy population — that means unfettered transmission largely in the wider population while trying to protect those who are deemed vulnerable ... It is clearly not working." – @CrabbBrendan #abc730
Read 12 tweets
abc730 Profile picture
Jan 23, 2023
Nearly 18 months after unveiling the AUKUS agreement, the federal government is preparing to announce exactly how it plans on acquiring nuclear-powered submarines. North American correspondent @jademacmillan1 spoke to members of Congress about the path ahead. #abc730
“If AUKUS really works the way it should, there should be contribution into this program from the UK and Australia. And I think that shows that, you know, that’s a force multiplier that can really help take on the larger demand.” – Rep. Joe Courtney, Democrat #abc730
“I think you will definitely see Australians on board US submarines training, for example. Whether we get straight to the point of there’s a combined and integrated Australian and US crew on a US submarine, that will be interesting to see.” – Mark Watson, ASPI #abc730
Read 4 tweets
abc730 Profile picture
Dec 21, 2022
A referendum on an Indigenous Voice to Parliament will be one of the biggest issues confronting the country next year. @latingle spoke to @mdavisqlder about what the Voice can be, and why she remains optimistic about its future. #abc730
"I think one of the reasons the Voice became the primary focus of Indigenous constitutional recognition is that we actually don't have much input at all into laws and policies that are made about our lives and our communities." – @mdavisqlder #abc730
"There's a lot of noise and it happens in a lot of policy areas in Australia. There's a lot of noise and a lot of advisory committees. There's a lot of talk. There's a lot of reports but there's no coordination. There's no coherency." – @mdavisqlder #abc730
Read 8 tweets
abc730 Profile picture
Dec 21, 2022
Tasmanians have long wanted their own AFL team, and they’re closer than ever to getting one. But the AFL has made it clear a local team is contingent on the island state building a brand new stadium. #abc730
“Just about everyone I speak to shares my view that it would be unconscionable to spend that sort of money at a time that the state has so many other challenges.” – Andrew Wilkie, Independent MHR #abc730
“This is a huge opportunity for all Tasmanians and can I say, that these are the investments, this is the type of vision, this is the type of commitment that we all need to embrace.” – Jeremy Rockliff, Premier #abc730
Read 5 tweets

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