Part 7/10:
A particularly contentious topic is the proposal by the Grattan Institute to include housing assets worth over $750,000 in asset testing for the age pension. Critics, including the speaker, strongly oppose this idea, labeling it as "hairbrain" and warning that such measures threaten the sanctity of the family home as a safe asset. The argument emphasizes that the family home should remain outside the realm of taxation and asset testing, reflecting a longstanding principle that the home is a vital part of Australian identity and financial security.