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The Government will halve the minimum payment amounts for account based pensions for 2009-10. This follows the previous relief provided for retirees which halved the minimum payment amounts for 2008-09.

For more information, see the joint media release by the Treasurer, Wayne Swan, Minister for Families, Housing, Community Services and Indigenous Affairs, Jenny Macklin, and the Minister for Superannuation and Corporate LawAssistance, Senator Nick Sherry, No 2009/63, 12 May 2009

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