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Centrelink Warning for Downsizing Baby Boomers: Don't Lose Your Pension

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Baby Boomers in Centrelink office Photo Gemini 2.5 The idea of downsizing is an attractive one for many Baby Boomers approaching retirement. Selling the family home, moving into something smaller and more manageable, and freeing up some extra cash can be a fantastic way to boost your retirement lifestyle. But if you're a pensioner or are planning to apply for the Age Pension , there's a crucial Centrelink rule you need to understand to avoid a nasty financial surprise. The good news is, you don't have to race into a new home. Centrelink has a "special" retirement rule that gives you a generous grace period before the proceeds from your home sale affect your pension. The key is to know what you're doing with the money. The Two-Year Grace Period: What You Need to Know In recent years, Centrelink has updated its rules to be more accommodating for downsizers. If you sell your principal home with the intention of buying, building, or renovating a new one, you ca...
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Surge in Facebook Job Scams Leaves Job Seekers Out of Pocket and Distressed

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Social Media Scammer Image by  Dee  from  Pixabay As the search for employment increasingly moves online, particularly to platforms like Facebook , a dark side is emerging: a sharp rise in sophisticated job scams preying on hopeful job seekers. Authorities and victim support groups are issuing urgent warnings as individuals lose not only significant sums of money but also suffer profound emotional and psychological impacts. Recent data from Scamwatch in Australia indicates a worrying trend. In the first 10 months of 2024, over 6,000 Australians reported losing $58.3 million to social media scams, with job scams contributing a substantial $4.5 million to that figure. While overall reported losses to scams saw a decline in 2023, job scams bucked the trend with a dramatic 150% increase in financial losses compared to the previous year, highlighting scammers' evolving tactics. The Allure and Deception Scammers are exploiting the desire for flexible, well-paying work, often ...
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Albanese Wong Australia has confirmed it will recognize a Palestinian state

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Anthony Albanese and Penny Wong Photo #Grok 3 CANBERRA — Australia has confirmed it will recognize a Palestinian state at the UN General Assembly in September, a move that has reignited scrutiny of the Palestinian Authority 's (PA) history of payments to the families of individuals killed or imprisoned in connection with attacks against Israelis. 1 Prime Minister Anthony Albanese and Foreign Minister Penny Wong announced the decision, emphasizing it's part of a global effort to push for a two-state solution and to isolate the militant group Hamas . 2 Australia's Stance and PA Commitments In their joint statement, the Australian leaders acknowledged the controversial history of these payments but stressed that their decision is based on "major new commitments" from the Palestinian Authority. 3 According to Albanese and Wong, the PA has pledged to reform governance, terminate the system of prisoner payments, reform schooling, demilitarize, and hold general el...
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