Seniors supplement axed with Labor backing
AAP
Hundreds of thousands of older Australians will be stripped of their seniors supplement.
About 300,000 wealthy seniors who do not qualify for the pension will lose $894.40 per year after legislation to strip the payment passed the Senate on Monday.
Labor and the Australian Greens backflipped on their opposition to the bill, which will save the government around $1 billion over four years.
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