Pensioners will have their pensions cut, they will have to work for longer, we will see a drastic reduction in public-sector jobs and public services.
The cut to pension indexation offended many pensioners and raisng the retirement age to 70 was seen by many to be too much, especially for manual workers.
The move follows pension freedoms for new pensioners which come into force on 6 April.
Pensioners could find that their pensions are no longer increased every year at the same rate as those of people living in the UK - as happens now.
Consider that its recommended policy changes would see nearly 98% of pensioners gain $6,000 in income, the overall pool of pension income increase to $14bn a year, and government spending on the pension reduce by $14.5bn.
The NAO points out that many pensioners don't understand them.
Police believe the man - a gerontophile with a predilection for elderly women - has broken into the homes of 98 pensioners in south-east London over the past 16 years, raping four of them and indecently assaulting 24.
He said the Queensland government would "continue to provide concessions to eligible Queensland pensioners".
"It is certainly not up to Joe Hockey to allocate concession arrangements provided by the states... and it seems increasingly unlikely the states will maintain those concessions for people who aren't pensioners any more," he said.
This means pensioners will lose their discounts on things like gas and electricity, council rates and transport.
The legislation remains blocked but the health minister, Sussan Ley, has just instigated a review which would remove free over-the-counter medications such as painkillers and antacids for pensioners and concession card holders under the safety net.
