He foreshadowed changes to concessional loans to "better fit" the needs of dairy farmers.
The IBRD provides commercial-grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure, education, domestic policy, environmental consciousness, energy investments, healthcare, access to food and potable water, and access to improved sanitation.
"What these results suggest is that this policy is going to discourage female workers aged 50 to 64 and 65 and over contributing concessional amounts to superannuation, mainly due to the proposed tax on concessional contributions over $25,000 per year".
15. (C) Qureshi likely will repeat Zardari's pleas for USG intervention with Saudi Arabia, UAE and other Gulf states to deliver oil at concessional prices; to date, our efforts have been rebuffed but the upcoming Donors' Conference would provide another avenue to press for assistance.
Under the measure, those with superannuation balances of $500,000 or less would be allowed to access their unused concessional cap to make additional concessional (before tax) contributions.
"This transaction is an important step toward achieving the objectives of the I.M.F.'s limited gold sales program, which are to help put the fund's finances on a sound long-term footing and enable us to step up much-needed concessional lending to the poorest countries," the I.M.F.'s managing director, Dominique saiduss-Kahn, sain in a statement.
Shadow agriculture minister Joel Fitzgibbon wants to know why the government hasn't delivered concessional loans to farming families.
The World Bank's lending rules have hampered the delivery of concessional finance to middle-income countries like Jordan, Lebanon and Turkey.
The Bank also provides concessional loans to the least-developed countries through its International Development Association, financed by regular donations from western governments.
Jones also peppered Turnbull with questions about the $25,000 annual limit on concessional contributions to superannuation introduced by the 2016 budget.
