Drew Patchell

Your rights and Centrelink: What do you need to know?

Your rights and Centrelink: What do you need to know?

All successful relationships rely on give and take. It’s necessary in marriage, business and with any financial service relationships. And, with 70% of older Australians on an Age Pension. You would also expect it to work well with Centrelink, the agency that manages Age Pension entitlements for about 70% of retirees.

Sure, you think. But theory is a wonderful thing and reality can be different.

The Robodebt debacle occurred between 2015 and 2019 when around half a million incorrect ‘debts’ to Centrelink were pursued using a method called ‘income averaging’. According to the subsequent royal commission into this method of questionable debt recovery, the system was ‘unlawful, cruel and a failure of public service accountability’. This failure has severely damaged Centrelink’s reputation. It has also eroded the trust that many older Australians had in in the belief they would get a ‘fair go’ in their dealings with this government agency. 

Robodebt has been back in the news in recent weeks as the book written about this episode, Mean Streak by Rick Morton, has just won the Prime Minister’s Literary award for non-fiction. And a two-part documentary on how this punitive program was rolled out, The People vs Robodebt, is screening on SBS (and available to watch on SBS on Demand).

Given the level of distress and concern caused by this chapter in Australian social benefits, we thought it timely to revisit the topic of your rights and Centrelink.

What are your rights? 

What can you do

What can Centrelink do

We asked these questions of Steven Sadler who heads up the Retirement Essentials Customer Services Team. No one knows this detail like Guru Steven, so here is an edited overview of his wisdom.

Protecting your life savings from cyber theft

Protecting your life savings from cyber theft

Once you’ve left the workplace it’s virtually impossible to replace savings you’ve taken years to build up. But that’s what happened to Lee who lost $180,000 from his super last year [As reported on ABC news]. No one wants to go through this experience, so here are some ways of minimising your own risk of cyber theft.

Recent cyberattacks in the superannuation industry have sent a clear message that our digital assets remain under constant threat. Alarmingly, two-factor authentication (2FA), a fundamental security measure that could significantly reduce the likelihood of such breaches, is not yet standard practice across all platforms.

There are a few essential steps you can take to further safeguard your personal information by securing the devices you use every day – your phone and computer. Taking these precautions can significantly decrease your risk.

What wakes me up at 3am: Your big life questions

What wakes me up at 3am: Your big life questions

I’m at least 10 years away from retirement, but I admit there are times when I’ve pondered my future in the small hours, especially when work or family circumstances change.

Financial worries are surely universal and, leading up to or during retirement, anxiety about money can feel overwhelming. It’s in these quiet sleepless hours that the big life questions take centre stage.