The federal government is reducing deeming rates for pensioners in a move that will see about 1 million Australian welfare recipients’ payments increase. Single pensioners will be given another $804 a year, while couples will receive an additional $1053. Deeming rates are used to calculate how much pensioners receive based on their income assessment. The lower limit will drop from 1.75 per cent to 1 per cent for financial investments up to $51,800 for singles and $86,200 for couples, while the upper limit will reduce down to 3 per cent from 3.25 per cent for financial investments above that. The government has been under pressure to decrease deeming rates in line with reduced market interest rates of recent years, particularly as retirees are earning less and access to the pension has not increased. Shadow social services minister Linda Burney criticised the rate cut saying it did not go far enough and should be more in line with interest rates. “The cash rate is 1 per cent, the Government has not moved on deeming rates for four years, they have made a lot of money on the back of retirees,” she said. Changes will also impact income-tested welfare payments including the disability support pension and carer payment and Newstart.
Two Australians and one Spaniard have been gored by a bull during the final bull run at the San Fermin festival in the city of Pamplona in Spain. The bull broke away from the pack flipping one man over its horns, goring him in the leg, while another man was gored in the right arm, and a third in the armpit. Eight people in total have been gored over the course of the festival’s bull runs this year.
A 6.6 magnitude earthquake has been felt along the Kimberley coast in Western Australia, between Port Hedland and Broome. GeoScience Australia said it was equal to the previous biggest recorded earthquake in Australia, which occurred in the Northern Territory in 1988. Yesterday’s quake hit at a depth of 33km and about 200km out to sea. While there was no threat of tsunami, the government agency has recorded several aftershocks, measuring between 3.8 and 5.2.
In tennis, Novak Djokovic has beaten Roger Federer in the men’s final to win his fifth Wimbledon title, 7-6, 1-6, 7-6, 4-6, 13-12 (7-3). The match was longest ever men’s single final at the tournament, and the first time a 12-12 tie-break game had occurred at Wimbledon, which allowed the result to be determined by a tie-break game in the fifth set. Djokovic said, “I think this was, if not the most exciting and thrilling final I was ever part of then definitely top two or three in my career against one of the greatest players of all time in Roger, who I respect a lot.” Romanian player Simona Halep defeated Serena Williams in the women’s final to secure her first Wimbledon title. Halep won the match in less than an hour, beating Williams 6-2, 6-2. And Australian player and world No.1, Dylan Alcott, took out the inaugural quad wheelchair singles tennis final, beating Briton Andy Lapthorne 6-0, 6-2. It is Alcott’s fourth straight Grand Slam win, and 12th in total.
In cricket, England has had a sensational win over New Zealand in the men's cricket World Cup final. After 50 overs, England and New Zealand were tied, pushing the match into a super over, after which they again tied. As both sides had scored 15 runs in their super over, a previously unused “countback” rule, based on the team that hit the most boundaries, was then used to crown England champion.