Australia's Next Election Will Focus on Superannuation, Says Treasurer
Australia's treasurer is Jim Chalmers. He says the next election will be about superannuation.
Superannuation is money for when people stop working. In Australia, workers save this money over their whole life.
A political party called One Nation has a new plan. The leader of One Nation is Pauline Hanson.
Hanson says people could take some of their superannuation money now. They could use up to a quarter of it.
People could use this money if they pay rent or a mortgage. A mortgage is money you borrow to buy a house.
Hanson calls this a 'pay boost'. It means more money now, but less money later.
Chalmers does not like this plan. He thinks it will hurt people when they are old.
In other news, the city of Sydney will get a new solar farm. A solar farm makes electricity from the sun.
This solar farm will be in the city, not the countryside. This is unusual for Australia.
Vocabulary15 words
- treasurer
- the government person who controls money
- superannuation
- money saved for after you stop working
- election
- when people vote for a new government
- party
- a group of people with the same political ideas
- rent
- money you pay to live in a house that is not yours
- mortgage
- money you borrow from a bank to buy a house
- boost
- something that makes an amount bigger
- retirement
- the time when a person stops working, usually because they are old
- solar farm
- a big place with many solar panels that make electricity
- electricity
- power used for lights and machines
- plan
- an idea for what to do in the future
- leader
- the main person in charge of a group
- government
- the group of people who run a country
- save
- to keep money for later, not spend it now
- unusual
- not normal; different from most times
Quiz
Answer key
1. Superannuation 2. Pauline Hanson 3. In Sydney
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Australia's treasurer is Jim Chalmers. He says the next election will be about _____.
A political party called One Nation has a new plan. The leader of One Nation is _____.
Hanson says people could take some of their superannuation money now. They could use up to a _____ of it.
People could use this money if they pay rent or a _____.
Hanson calls this a 'pay boost'. It means more money now, but less money _____.
Chalmers does not like this plan. He thinks it will hurt people when they are _____.
In other news, the city of Sydney will get a new _____.
A solar farm makes electricity from the _____.
This solar farm will be in the city, not the _____.
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