Implications of the Future Ageing of Australia’s Population

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June 25, 2004

Implications of the Future Ageing of Australia’s Population

NO.053

IMPLICATIONS OF THE FUTURE AGEING OF AUSTRALIA’S POPULATION

The Treasurer, the Hon Peter Costello, today asked the Productivity Commission

to undertake a research study into the economic and fiscal implications of the

future ageing of Australia’s population.

The study, endorsed by the Council of Australian Governments, will help governments

to improve their understanding of the challenges and opportunities arising from

the projected ageing of Australia’s population.

The research will complement other initiatives which have been undertaken

by the Australian Government on demographic change. These initiatives include

the Intergenerational Report, released as part of the 2002 03 Budget, and the

discussion paper Australia’s Demographic Challenges, which was

released in February 2004 to encourage community debate on these issues.

The Productivity Commission has been asked to report within nine months. The

terms of reference are

attached.

People wishing to obtain further information on the inquiry or register their

interest can do so by visiting the Productivity Commission’s website at:

www.pc.gov.au or by contacting the Commission

directly on (02) 6240 3239.

CANBERRA

24 June 2004

Contact: David Alexander

02 6277 7340