Mr Morrison, where is the MONEY from Our Australian National Welfare Fund?

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The history of the Age Pension Fund goes back to 1945, when Prime Minister Ben Chifley became aware of grinding poverty amongst the elderly. He was shocked, and a referendum was put to the people of Australia; and the outcome was a welfare fund contributed to by every Aussie worker, at a rate of 7.5% of gross income (at the time, in Australia and New Zealand, one and sixpence in the pound). This was a fund that was very specifically owned by the workers and declared as such; a fund in which government could not interfere; and from which it could not even borrow. Money could only be paid out as an indexed and non-means tested pensionupon retirement at age 65 (60 for women).

To ensure the public was reminded of its investment, and so no government could interfere with the Fund, the amount appeared at the top of every income tax form and was calculated before income tax. Actuaries have calculated that this fund should currently be yielding at $6000 per year more than the current age pension.

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Where is the MONEY ALL Australians saved from their wages to give Our Aged a living Pension for the remainder of their lives?

My name is Graeme Jeffs and I am a Proud Aussie Constitutionalist and Patriot and I as does ever Aussie especially those who have signed this Petition,  DEMAND YOU RESPOND TO US ASAP!

Advance Australia "FAIR"