Disclaimer of liability
The Commonwealth accepts no responsibility for the accuracy or completeness of any material contained in this information. Additionally, the Commonwealth disclaims all liability to any person in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance, whether wholly or partially, upon any information presented here. The situations and names appearing in this information are used to illustrate real life situations and do not refer to actual individuals.
Caution: Material in this information is made available on the understanding that the Commonwealth is not providing professional advice. Before relying on any of the material in this information, readers should obtain appropriate professional advice. Views and recommendations of third parties that may be included in this information, do not necessarily reflect the views of the Commonwealth, or indicate a commitment to a particular course of action.
The Department of Families, Community Services and Indigenous Affairs wish to acknowledge the contribution of John McIlroy in writing this. John has been involved with the retirement income stream industry over many years and is a director of financial services training company, Financial Essentials.