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This is a Bill, not an Act. For current law, see the Acts databases.
1998
The Parliament of
the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
A New Tax
System (Compensation Measures Legislation Amendment) Bill
1998
No. ,
1998
(Family and Community
Services)
A Bill for an Act to provide for
compensation measures related to the implementation of A New Tax System, and for
related purposes
ISBN: 0642
379491
Contents
Part 1—Increases to rates and free
areas 3
Part 2—Family
assistance 25
Part 3—Taper
rates 26
Part 1—Increases to rates and free
areas 27
Part 2—Taper
rates 39
Part 3—Increase in certain
pensions 40
A Bill for an Act to provide for compensation measures
related to the implementation of A New Tax System, and for related
purposes
The Parliament of Australia enacts:
This Act may be cited as the A New Tax System (Compensation Measures
Legislation Amendment) Act 1998.
(1) Subject to subsection (2), this Act commences on the day on which it
receives the Royal Assent.
(2) Schedules
1, 2 and 3 commence, or are taken to have commenced:
(a) after all the provisions listed in subsection (3) have commenced;
and
(b) on the last day on which any of those provisions commenced.
(3) These are the provisions:
(a) section 1-2 of the A New Tax System (Goods and Services Tax) Act
1998;
(b) section 2 of the A New Tax System (Goods and Services Tax
Imposition—Excise) Act 1998;
(c) section 2 of the A New Tax System (Goods and Services Tax
Imposition—Customs) Act 1998;
(d) section 2 of the A New Tax System (Goods and Services Tax
Imposition—General) Act 1998;
(e) section 2 of the A New Tax System (Goods and Services Tax
Administration) Act 1998.
Subject to section 2, each Act that is specified in a Schedule to this
Act is amended or repealed as set out in the applicable items in the Schedule
concerned, and any other item in a Schedule to this Act has effect according to
its terms.
Part
1—Increases to rates and
free areas
1 Section 556A
Omit “$20.00”, substitute “$20.80”.
2 Section 644AAA
Omit “$20.00”, substitute “$20.80”.
3 Section 662
Omit “$100”, substitute “$104”.
4 Section 664AAB
Omit “$100.00”, substitute “$104”.
5 Section 664AB
Omit “$100.00”, substitute “$104”.
6 Section 664B
Omit “$100.00”, substitute “$104”.
7 Section 664D
Omit “$300”, substitute “$312”.
8 Section 664F
Omit “$100”, substitute “$104”.
9 Section 664FB
Omit “$300”, substitute “$312”.
10 Section 664H
Omit “$100”, substitute “$104”.
11 Section 664HB
Omit “$100.00”, substitute “$104”.
12 Section 664J
Omit “$100”, substitute “$104”.
13 Section 665B
Omit “$200”, substitute “$208”.
14 Section 665F
Omit “$200”, substitute “$208”.
15 Section 665J
Omit “$200”, substitute “$208”.
16 Section 665N
Omit “$200”, substitute “$208”.
17 Section 665V
Omit “$200”, substitute “$208”.
18 Section 665Z
Omit “$200.00”, substitute “$208”.
19 Section 665ZD
Omit “$200.00”, substitute “$208”.
20 Section 665ZFB
Omit “$200”, substitute “$208”.
21 Section 665ZH
Omit “$200”, substitute “$208”.
22 Section 665ZM
Omit “$200”, substitute “$208”.
23 Section 665ZR
Omit “$200.00”, substitute “$208”.
24 Section 665ZV
Omit “$200.00”, substitute “$208”.
25 Paragraph 900F(2)(a)
Omit “$750”, substitute “$780”.
26 At the end of paragraph
900F(2)(b)
Add “exceeds $780—2.4 times the amount so
stated”.
27 Paragraph 900GA(1)(a)
Omit “$200”, substitute “$208”.
28 At the end of paragraph
900GA(1)(b)
Add “exceeds $208—0.6 times the amount so
stated”.
29 Paragraph 1061F(1)(b)
Omit “$20.00”, substitute “$20.50”.
30 Section 1061PZG
Omit “$60.00”, substitute “$62.40”.
31 Subparagraph
1064(5)(c)(ii)
Omit “$3,122.60”, substitute “$3,247.40”.
32 Paragraph 1064(5)(d)
Omit “$3,122.60”, substitute “$3,247.40”.
33 Subsection 1064(6)
Omit “$3,122.60”, substitute “$3,247.40”.
34 Point 1064-E4 (table)
Omit “$624” (wherever occurring), substitute
“$639.60”.
35 Point 1064-E4 (table)
Omit “$312”, substitute “$319.80”.
36 Point 1064-E4 (table)
Omit “$24” (wherever occurring), substitute
“$24.60”.
37 Point 1064-E4 (table)
Omit “$12”, substitute “$12.30”.
38 Point 1064-H2 (table)
Omit “$455.00” (wherever occurring), substitute
“$473.20”.
39 Point 1064-H2 (table)
Omit “$390.00”, substitute “$405.60”.
40 Point 1064-H2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
41 Point 1064-H2 (table)
Omit “$15.00”, substitute “$15.60”.
42 Point 1064-H2 (table)
Omit “$182.00” (wherever occurring), substitute
“$189.80”.
43 Point 1064-H2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
44 Subparagraph
1065(4)(c)(ii)
Omit “$3,122.60”, substitute “$3,247.40”.
45 Paragraph 1065(4)(d)
Omit “$3,122.60”, substitute “$3,247.40”.
46 Subsection 1065(5)
Omit “$3,122.60”, substitute “$3,247.40”.
47 Point 1065-E2 (table)
Omit “$455.00” (wherever occurring), substitute
“$473.20”.
48 Point 1065-E2 (table)
Omit “$390.00”, substitute “$405.60”.
49 Point 1065-E2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
50 Point 1065-E2 (table)
Omit “$15.00”, substitute “$15.60”.
51 Point 1065-E2 (table)
Omit “$182.00” (wherever occurring), substitute
“$189.80”.
52 Point 1065-E2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
53 Point 1066-E4 (table)
Omit “$624”, substitute “$639.60”.
54 Point 1066-E4 (table)
Omit “$24”, substitute “$24.60”.
55 Point 1066-H2 (table)
Omit “$455.00” (wherever occurring), substitute
“$473.20”.
56 Point 1066-H2 (table)
Omit “$390.00”, substitute “$405.60”.
57 Point 1066-H2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
58 Point 1066-H2 (table)
Omit “$15.00”, substitute “$15.60”.
59 Point 1066-H2 (table)
Omit “$182.00” (wherever occurring), substitute
“$189.80”.
60 Point 1066-H2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
61 Point 1066A-F3 (table)
Omit “$624” (wherever occurring), substitute
“$639.60”.
62 Point 1066A-F3 (table)
Omit “$312”, substitute “$319.80”.
63 Point 1066A-F3 (table)
Omit “$24” (wherever occurring), substitute
“$24.60”.
64 Point 1066A-F3 (table)
Omit “$12”, substitute “$12.30”.
65 Point 1066A-I2 (table)
Omit “$455.00” (wherever occurring), substitute
“$473.20”.
66 Point 1066A-I2 (table)
Omit “$390.00”, substitute “$405.60”.
67 Point 1066A-I2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
68 Point 1066A-I2 (table)
Omit “$15.00”, substitute “$15.60”.
69 Point 1066A-I2 (table)
Omit “$182.00” (wherever occurring), substitute
“$189.80”.
70 Point 1066A-I2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
71 Point 1066B-F2 (table)
Omit “$455.00” (wherever occurring), substitute
“$473.20”.
72 Point 1066B-F2 (table)
Omit “$390.00”, substitute “$405.60”.
73 Point 1066B-F2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
74 Point 1066B-F2 (table)
Omit “$15.00”, substitute “$15.60”.
75 Point 1066B-F2 (table)
Omit “$182.00” (wherever occurring), substitute
“$189.80”.
76 Point 1066B-F2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
77 Paragraphs 1067G-F23(a) and
(b)
Omit “$3,700”, substitute “$3,792”.
78 Paragraph 1067G-F23(c)
Omit “$1,200”, substitute “$1,230”.
79 Paragraph 1067G-F23(d)
Omit “$2,500”, substitute “$2,562”.
80 Point 1067G-F24
Omit “$7,400”, substitute “$7,585”.
81 Paragraph 1067G-H29(a)
Omit “$230”, substitute “$236”.
82 Paragraph 1067G-H29(b)
Omit “$60”, substitute “$62”.
83 Point 1067G-H33
(example)
Repeal the example.
84 Point 1067G-J4
Omit “$230” (wherever occurring), substitute
“$236”.
85 Point 1067G-J5
Omit “$230” (wherever occurring), substitute
“$236”.
86 Point 1067G-K2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
87 Point 1067G-K2 (table)
Omit “$15.00”, substitute “$15.60”.
88 Point 1067G-K2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
89 Point 1067L-D28
Omit “$230”, substitute “$236”.
90 Point 1067L-D32
(example)
Repeal the example.
91 Point 1067L-E3
Omit “$230” (wherever occurring), substitute
“$236”.
92 Point 1067L-E4
Omit “$230” (wherever occurring), substitute
“$236”.
93 Point 1067L-F2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
94 Point 1067L-F2 (table)
Omit “$15.00”, substitute “$15.60”.
95 Point 1067L-F2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
96 Paragraph 1068(3)(d)
Omit “$120.10” (wherever occurring), substitute
“$124.90”.
97 Paragraph 1068(3)(e)
Omit “$120.10”, substitute “$124.90”.
98 Point 1068-G12
Omit “$60”, substitute “$62”.
99 Point 1068-G16 (example)
Repeal the example.
100 Point 1068-J3 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
101 Point 1068-J3 (table)
Omit “$15.00”, substitute “$15.60”.
102 Point 1068-J3 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
103 Point 1068A-E14 (table)
Omit “$624”, substitute “$639.60”.
104 Point 1068A-E14 (table)
Omit “$24”, substitute “$24.60”.
105 Point 1068A-E18
(example)
Repeal the example.
106 Point 1068A-F2 (table)
Omit “$455.00”, substitute “$473.20”.
107 Point 1068A-F2 (table)
Omit “$17.50”, substitute “$18.20”.
108 Point 1068A-F2 (table)
Omit “$182.00”, substitute “$189.80”.
109 Point 1068A-F2 (table)
Omit “$7.00”, substitute “$7.30”.
110 Point 1068B-D27
Omit “$60”, substitute “$62”.
111 Point 1068B-D31
(example)
Repeal the example.
112 Point 1068B-D32
(example)
Repeal the example.
113 Point 1068B-G2 (table)
Omit “$15.00”, substitute “$15.60”.
114 Point 1068B-G2 (table)
Omit “$17.50” (wherever occurring), substitute
“$18.20”.
115 Point 1068B-G2 (table)
Omit “$7.00” (wherever occurring), substitute
“$7.30”.
116 Point 1071-12 (table)
Omit “$40,000” (wherever occurring), substitute
“$41,000”.
117 Point 1071-12 (table)
Omit “$33,500”, substitute “$34,338”.
118 Point 1071-12 (table)
Omit “$36,698”, substitute “$37,615”.
119 Point 1071-12 (table)
Omit “$624” (wherever occurring), substitute
“$639.60”.
120 Subsection 1192(2)
(note)
Omit “Note”, substitute “Note 1”.
121 At the end of subsection
1192(2)
Add:
Note 2: On the indexation days following 1 July 2000, the
indexation of amounts that were increased by 4% on 1 July 2000 may be affected
by section 1206GB.
122 At the end of Part 3.16
Add:
(1) This section applies to an amount (the base amount) that
is provided for in a provision listed in column 2 of Table A.
Note: Amounts provided for in provisions listed in Table A
are amounts as altered from time to time under Divisions 2 and 4 of this Part
(CPI indexation and other adjustments).
(2) This Act has effect as if, on 1 July 2000, the base amount were
replaced by an amount (the replacement amount) worked out
by:
(a) calculating the amount (the provisional replacement
amount) that is 4% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with
section 1206GD, using the rounding base for the base amount (see column 4 of
Table A).
|
Table A: Rates |
|||
|---|---|---|---|
|
Column 1 Item |
Column 2 Provision providing for base amount |
Column 3 Description of amount |
Column 4 Rounding base for base amount |
|
1 |
subsection 967(1) |
child disability allowance |
0.10 |
|
2 |
section 1010 |
double orphan pension |
0.10 |
|
3 |
subsection 1044(1) |
mobility allowance |
0.10 |
|
4 |
subsection 1061S—table—column 3—all amounts except item
2 |
telephone allowance |
0.80 |
|
5 |
point 1064-B1—table—column 3—all amounts |
pension maximum basic rates |
2.60 |
|
6 |
point 1064-C8—table—column 3—all amounts |
pharmaceutical allowance |
2.60 |
|
7 |
point 1064-D5—table—column 4—all amounts |
rent assistance |
5.20 |
|
8 |
point 1065-B1—table—column 3—all amounts |
pension maximum basic rates |
2.60 |
|
9 |
point 1065-C8—table—column 3—all amounts |
pharmaceutical allowance |
2.60 |
|
10 |
point 1066-B1—annual amount |
pension maximum basic rate |
2.60 |
|
11 |
point 1066-C7—annual amount |
pharmaceutical allowance |
2.60 |
|
12 |
point 1066-D4—table—column 2 |
rent assistance |
5.20 |
|
13 |
point 1066A-B1—table—column 3—all amounts |
pension maximum basic rates |
2.60 |
|
14 |
point 1066A-C1—annual amount |
youth disability supplement |
2.60 |
|
15 |
point 1066A-D8—table—column 3—all amounts |
pharmaceutical allowance |
2.60 |
|
16 |
point 1066A-EA12—table—column 4—all amounts |
rent assistance |
5.20 |
|
17 |
point 1066A-EB13—table—column 4—all amounts |
rent assistance |
5.20 |
|
18 |
point 1066B-B1—table—column 3—all amounts |
pension maximum basic rates |
2.60 |
|
19 |
point 1066B-C1—annual amount |
youth disability supplement |
2.60 |
|
20 |
point 1066B-D8—table—column 3—all amounts |
pharmaceutical allowance |
2.60 |
|
21 |
point 1067G-B2—table—column 3—all amounts |
youth allowance maximum basic rates (people who are not
independent) |
0.10 |
|
22 |
point 1067G-B3—table—column 3—all amounts |
youth allowance maximum basic rates (people who are independent) |
0.10 |
|
23 |
point 1067G-B4—table—column 3—all amounts |
youth allowance maximum basic rates (long term income support
students) |
0.10 |
|
24 |
point 1067G-C3—table—column 3—all amounts |
pharmaceutical allowance |
0.10 |
|
25 |
point 1067G-D6—table—column 4—all amounts |
rent assistance |
0.20 |
|
26 |
point 1067L-B2—table—column 3—all amounts |
austudy payment maximum basic rate (person not long term income support
student) |
0.10 |
|
27 |
point 1067L-B3 |
austudy payment maximum basic rate (long term income support
student) |
0.10 |
|
28 |
point 1067L-C3—table—column 3—all amounts |
pharmaceutical allowance |
0.10 |
|
29 |
point 1068-B1—table—column 3—all amounts |
benefit maximum basic rates |
0.10 |
|
30 |
point 1068-D10—table—column 3—all amounts |
pharmaceutical allowance |
0.10 |
|
31 |
point 1068-F15—table—column 4—all amounts |
rent assistance |
0.20 |
|
32 |
point 1068A-B1—annual amount |
parenting payment maximum basic rate |
2.60 |
|
33 |
point 1068A-C7—annual amount |
pharmaceutical allowance |
2.60 |
|
34 |
point 1068A-D3—table—column 3 |
rent assistance |
5.20 |
|
35 |
point 1068B-B6 |
parenting payment maximum basic component |
0.10 |
|
36 |
point 1068B-C2—table—column 3—all amounts |
parenting payment maximum basic rate |
0.10 |
|
37 |
point 1068B-E8—table—column 3—all amounts |
pharmaceutical allowance |
0.10 |
|
38 |
point 1068B-F6—table—column 4—all amounts |
rent assistance |
0.20 |
|
39 |
point 1069-E4—table—column 4—all amounts |
rent assistance |
0.20 |
(1) If an amount (the affected amount) in the table in
section 1206GA is indexed under Division 2 of this Part, this section applies to
modify the way the amount is indexed under that Division for a limited period
after 1 July 2000.
Method statement
Step 1. Work out the difference between an affected amount’s
base amount and its replacement amount (within the meaning of section 1206GA).
The result is the 4% increase amount.
Step 2. Multiply the 4% increase amount by 0.625. The result is the
provisional overall adjustment amount.
Step 3. Round off the provisional overall adjustment amount in
accordance with subsections (3) to (5), using the same rounding base as that
used for its base amount in section 1206GA. The result is the overall
adjustment amount.
Step 4. For the first indexation day for an affected amount that
occurs after 1 July 2000, subtract the current figure from the indexed amount
(arrived at using the Method statement in subsection 1192(2)). The result (which
could be zero) is the first indexation increase amount.
Step 5. Compare the overall adjustment amount with the first
indexation increase amount. If the overall adjustment amount is equal to or less
than the first indexation increase amount, go to Step 6. If the overall
adjustment amount is greater than the first indexation increase amount, go to
Step 7.
Step 6. Subtract the overall adjustment amount from the indexed
amount. The result is taken to be the indexed amount for the purposes of Step 4
of the Method statement in subsection 1192(2) and this section has no further
application in relation to the affected amount.
Note: The indexed amount for the purposes of Step 4 of the
Method statement in subsection 1192(2) may be increased under section 1195 in
certain cases.
Step 7. The indexed amount for the purposes of Step 4 of the Method
statement in subsection 1192(2) is taken to be equal to the current figure
worked out under Step 2 of the Method statement in subsection 1192(2). Go to
Step 8.
Note: The indexed amount for the purposes of Step 4 of the
Method statement in subsection 1192(2) may be increased under section 1195 in
certain cases.
Step 8. For the second indexation day for the affected amount that
occurs after 1 July 2000, subtract the first indexation increase amount from the
overall adjustment amount. The result is the remaining adjustment
amount.
Step 9. Subtract the current figure from the indexed amount (arrived
at using the Method statement in subsection 1192(2)). The result (which could be
zero) is the second indexation increase amount.
Step 10. Compare the remaining adjustment amount with the second
indexation increase amount. If the remaining adjustment amount is equal to or
less than the second indexation increase amount, go to Step 11. If the remaining
adjustment amount is greater than the second indexation increase amount, go to
Step 12.
Step 11. Subtract the remaining adjustment amount from the indexed
amount. The result is taken to be the indexed amount for the purposes of Step 4
of the Method statement in subsection 1192(2) and this section has no further
application in relation to the affected amount.
Note: The indexed amount for the purposes of Step 4 of the
Method statement in subsection 1192(2) may be increased under section 1195 in
certain cases.
Step 12. The indexed amount for the purposes of Step 4 of the Method
statement in subsection 1192(2) is taken to be equal to the current figure
worked out under Step 2 of the method statement in subsection 1192(2). Go to
Step 13.
Note: The indexed amount for the purposes of Step 4 of the
Method statement in subsection 1192(2) may be increased under section 1195 in
certain cases.
Step 13. Repeat the method set out in Steps 8 to 12 in relation to
the third indexation day and to subsequent indexation days until the remaining
adjustment amount is zero.
Application
of section 1195 to affected amounts
(2) Section 1195 does not apply at Step 4 or Step 9 of the Method
statement in this section.
Rounding of provisional overall adjustment amounts
(3) If a provisional overall adjustment amount is a multiple of the
rounding base, the provisional overall adjustment amount is the overall
adjustment amount.
(4) If a provisional overall adjustment amount is not a multiple of the
rounding base, the overall adjustment amount is the provisional overall
adjustment amount rounded up or down to the nearest multiple of the rounding
base.
(5) If a provisional overall adjustment amount is not a multiple of the
rounding base, but is a multiple of half the rounding base, the overall
adjustment amount is the provisional overall adjustment amount rounded up to the
nearest multiple of the rounding base.
(1) This section applies to an amount (the base amount) that
is provided for in:
(a) a provision listed in column 2 of Table A (see subsection (4));
or
(b) a provision listed in column 2 of Table B (see subsection
(5)).
Note: Amounts provided for in provisions listed in Tables A
and B are amounts as altered from time to time under Division 2 of this Part
(CPI indexation).
(2) This Act has effect as if, on 1 July 2000, the base amount were
replaced by an amount (the replacement amount) worked out
by:
(a) calculating the amount (the provisional replacement
amount) that is 2.5% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with
section 1206GD, using the rounding base for the base amount (see column 4 of the
relevant table).
(3) For the purposes of subsection (1), the base amount is to include any
indexation that occurs on 1 July 2000 under Division 2 of this Part.
(4) The income test free area table is:
|
Table A: Income test free areas |
|||
|---|---|---|---|
|
Column 1 Item |
Column 2 Provision providing for base amount |
Column 3 Description of amount |
Column 4 Rounding base for base amount |
|
1 |
subsection 198A(1) |
income ceiling for care receiver |
not applicable—see subsection 1206GD(4) |
|
2 |
point 1064-E4—table—column 3—all amounts |
basic free area for pension |
$52.00 |
|
3 |
point 1066-E4—table—column 1 |
basic free area for pension |
$52.00 |
|
4 |
point 1066A-F3—table—column 3—all amounts |
basic free area for pension |
$52.00 |
|
5 |
paragraph 1067G-F22(a) |
parental income free area |
$52.00 |
|
6 |
point 1068A-E14—table —column 2 |
basic free area for parenting payment |
$52.00 |
|
7 |
subpoint 1069-J8(1)—table —column 3—items 1 and
3 |
basic free area for maintenance income test |
$7.80 |
|
8 |
subpoint 1069-J8(1)—table —column 3—item 2 |
basic free area for maintenance income test |
$15.60 |
|
9 |
subpoint 1069-J8(1)—table —column 5—all amounts |
additional free area for maintenance income test |
$2.60 |
(5) The assets test free area table is:
|
Table B: Assets test free areas |
|||
|---|---|---|---|
|
Column 1 Item |
Column 2 Provision providing for base amount |
Column 3 Description of amount |
Column 4 Rounding base for base amount |
|
1 |
subsections 198D(1) and (1A) |
assets value limit for care receiver |
$250.00 |
|
2 |
subsections 198N(2) and(3) |
assets value limit for care receiver |
$250.00 |
|
3 |
paragraph 198N(4)(a) |
assets value limit for care receiver |
$250.00 |
|
4 |
subsection 408CE(2)—table—column 3—item 1 |
asset value limit for widow allowance |
$250.00 |
|
5 |
subsection 500Q(2)—table —column 3—item 1 |
assets value limit for parenting payment |
$250.00 |
|
6 |
paragraphs 547C(1)(a) and (b) |
assets value limit for youth allowance |
$250.00 |
|
7 |
paragraph 573B(1)(a) |
assets value limit for austudy payment |
$250.00 |
|
8 |
subsection 611(2)—table—column 3A—items 1 and 3 |
assets value limit for newstart allowance |
$250.00 |
|
9 |
subsection 611(2)—table—column 3B—item 3 |
assets value limit for newstart allowance |
$250.00 |
|
10 |
subsection 660YCJ(2)—table—column 3A—items 1 and
3 |
assets value limit for mature age allowance post-30/6/96 |
$250.00 |
|
11 |
subsection 660YCJ(2)—table—column 3B—item 3 |
assets value limit for mature age allowance post-30/6/96 |
$250.00 |
|
12 |
subsection 680(3)—table—column 3A—items 1 and 3 |
assets value limit for sickness allowance |
$250.00 |
|
13 |
subsection 680(3)—table—column 3B—item 3 |
assets value limit for sickness allowance |
$250.00 |
|
14 |
subsection 733(3)—table—column 3A—items 1 and 3 |
assets value limit for special benefit |
$250.00 |
|
15 |
subsection 733(3)—table—column 3B—item 3 |
assets value limit for special benefit |
$250.00 |
|
16 |
subsection 771HF(2) table—column 3—all amounts |
assets value limit for partner allowance |
$250.00 |
|
17 |
point 1064-G3—table—column 3—all amounts (other than
column 3B—item 1) |
assets value limit—pensions |
$250.00 |
|
18 |
point 1066-G3—table—column 3—all amounts (other than
column 3B—item 1) |
assets value limit—pensions |
$250.00 |
|
19 |
point 1066A-H3—table—column 3—all amounts (other than
column 3B—item 1) |
assets value limit—pensions |
$250.00 |
|
20 |
point 1068B-B3—table—column 3A—item 2 |
assets value limit for parenting payment |
$250.00 |
|
21 |
point 1068B-B3—table—column 3B—item 2 |
assets value limit for parenting payment |
$250.00 |
Note: If
an amount is provided for in a subsection or point mentioned in Table B, but the
provision providing for the amount is not listed in Table B, the 2.5% increase
in the amount will occur on 1 July 2000 because of automatic adjustments under
Division 4 of this Part.
(1) If a provisional replacement amount is a multiple of the rounding
base, the provisional replacement amount is the replacement amount.
(2) If a provisional replacement amount is not a multiple of the rounding
base, the replacement amount is the provisional replacement amount rounded up or
down to the nearest multiple of the rounding base.
(3) If a provisional replacement amount is not a multiple of the rounding
base, but is a multiple of half the rounding base, the replacement amount is the
provisional replacement amount rounded up to the nearest multiple of the
rounding base.
(4) If a provisional replacement amount for a base amount provided for in
subsection 198A(1) is not a multiple of $1.00, the replacement amount is the
provisional replacement amount rounded up to the nearest multiple of
$1.00.
123 Point 1069-H28
Repeal the point, substitute:
Income free area
1069-H28 A person’s income free area is $28,200.
124 Point 1069-H29
Repeal the point.
125 Point 1069-H30
Repeal the point.
126 Point 1069-H32
(formula)
Repeal the formula, substitute:
127 Point 1070-B1 (step 1 of the method
statement)
Omit “$1,000”, substitute “$2,000”.
128 Point 1070-B2 (step 1 of the method
statement)
Omit “$2,500”, substitute “$5,000”.
129 Point 1064-E10
Repeal the point, substitute:
Pension reduction for ordinary income in excess of ordinary income free
area
1064-E10 A person’s reduction for ordinary income is:
130 Point 1066-E8 (formula)
Repeal the formula, substitute:
131 Point 1066A-F9 (cells at table items 1, 2
and 3, column 3)
Repeal the cells, substitute:
132 Point 1068A-E20
(formula)
Repeal the formula, substitute:
Part
1—Increases to rates and
free areas
1 Paragraph 30(1)(b)
Omit “$24.00”, substitute “$25”.
2 Subsection 59C(2) (note)
Omit “Note”, substitute “Note 1”.
3 At the end of subsection
59C(2)
Add:
Note 2: On the indexation days following 1 July 2000, the
indexation of amounts that were increased by 4% on 1 July 2000 may be affected
by section 198H.
4 At the end of section 59L
Add:
(3) This Act has effect as if, on 1 July 2000, the amount worked out in
accordance with the following formula were substituted for the PA (service
pension) rate: 
where:
benefit PA “partnered” (item 2) rate is the
current figure for the benefit “partnered” (item 2) rate within the
meaning of the Social Security Act.
(4) This Act has effect as if, on 1 July 2000, the amount worked out in
accordance with the following formula were substituted for the PA (Part VIIA)
rate:
where:
benefit PA “partnered” (item 2) rate is the
current figure for the benefit “partnered” (item 2) rate within the
meaning of the Social Security Act.
5 Subsection 59Q(8)
Before the example, insert:
Note: The following example is based on amounts and rates as
at 1 January 1998.
6 Subsection 98B(2)
Omit “$550”, substitute “$572”.
7 Paragraph 99(4)(a)
Omit “$550”, substitute “$572”.
8 Subsection 100(2)
Omit “$550”, substitute “$572”.
9 Subsection 102(4)
Omit “$2”, substitute “$2.10”.
10 Subsection 103(4)
Omit “$2,700”, substitute “$2,808”.
11 Subsection 118AAC(2)
Omit “$200”, substitute “$208”.
12 Point 118ZAA-11 (table)
Omit “$40,000” (wherever occurring), substitute
“$41,000”.
13 Point 118ZAA-11 (table)
Omit “$33,500”, substitute “$34,338”.
14 Point 118ZAA-11 (table)
Omit “$36,698”, substitute “$37,615”.
15 Point 118ZAA-11 (table)
Omit “$624” (wherever occurring), substitute
“$639.60”.
16 Point SCH6-A4
Omit “$3,122.60”, substitute “$3,247.40”.
17 Point SCH6-A5
After “his or her ceiling rate is”, insert “, subject to
point SCH6-A5A,”.
18 After point SCH6-A5
Insert:
SCH6-A5A On and after 1 July 2000, the ceiling rate referred to in point
SCH6-A5 is taken to be equal to the pre-November 1986 rate increased by
4%.
19 Point SCH6-E6 (table)
Omit “624”(wherever occurring), substitute
“639.60”.
20 Point SCH6-E6 (table)
Omit “312”, substitute “319.80”.
21 Point SCH6-E6 (table)
Omit “24” (wherever occurring), substitute
“24.60”.
22 Point SCH6-E6 (table)
Omit “12”, substitute “12.30”.
23 Point SCH6-E10
(examples)
After “Ordinary/adjusted income free area examples”,
insert:
Note: The following examples are based on the amounts and
rates set out in this Module at the commencement of this Schedule (see clause 5
of Part 1 of this Schedule).
24 Point SCH6-G2 (table item 1, column
3)
Omit “455.00”, substitute “473.20”.
25 Point SCH6-G2 (table item 1, column
4)
Omit “17.50”, substitute “18.20”.
26 Point SCH6-G2 (table item 1, column
5)
Omit “182.00”, substitute “189.80”.
27 Point SCH6-G2 (table item 1, column
6)
Omit “7.00”, substitute “7.30”.
28 Point SCH6-G2 (table item 2, column
3)
Omit “390.00”, substitute “405.60”.
29 Point SCH6-G2 (table item 2, column
4)
Omit “15.00”, substitute “15.60”.
30 Point SCH6-G2 (table item 2, column
5)
Omit “182.00”, substitute “189.80”.
31 Point SCH6-G2 (table item 2, column
6)
Omit “7.00”, substitute “7.30”.
32 After section 198F
Insert:
(1) This section applies to an amount (the base amount) that
is provided for in a provision listed in column 2 of Table A.
Note: Amounts provided for in provisions listed in Table A
are amounts as altered from time to time under Division 18 of Part IIIB and
sections 198, 198A, 198D and 198F (CPI indexation).
(2) This Act has effect as if, on 1 July 2000, the base amount were
replaced by an amount (the replacement amount) worked out
by:
(a) calculating the amount (the provisional replacement
amount) that is 4% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with
section 198M, using the rounding base for the base amount (see column 4 of Table
A).
(3) For the purposes of subsection (1), the base amount is to include any
indexation that occurs on 1 July 2000 under Division 18 of Part IIIB or section
198, 198A, 198D or 198F.
|
Table A: Rates |
|||
|---|---|---|---|
|
Column 1 Item |
Column 2 Provision providing for base amount |
Column 3 Description of amount |
Column 4 Rounding base for base amount |
|
1 |
subsection 22(3) |
disability pension (general) |
0.10 |
|
2 |
subsection 23(4) |
disability pension (intermediate) |
0.10 |
|
3 |
subsection 24(4) |
disability pension (special) |
0.10 |
|
4 |
subsection 27(1)—table—items 1 to 6 |
disability pension (war-caused injury or disease) |
0.10 |
|
5 |
subsection 27(1)—table—items 7 to 15 |
disability pension (war-caused injury or disease) |
0.10 |
|
6 |
paragraph 30(1)(a) |
war widow/war widower pension |
0.10 |
|
7 |
subsection 30(2)—all amounts |
orphan pension |
0.10 |
|
8 |
subsection 97(1)—table—column 2—all amounts |
clothing allowance |
0.10 |
|
9 |
subsection 98(1)—table—column 2—all amounts |
attendant allowance |
0.10 |
|
10 |
subsection 104(1)—table—column 2—all amounts |
recreation transport allowance |
0.10 |
|
11 |
subsection 118S(1) |
telephone allowance |
0.80 |
|
12 |
point SCH6-B1—table —column 3—all amounts |
service pension maximum basic rates |
2.60 |
|
13 |
subpoint SCH6-C8(1)—table—column 4 |
rent assistance |
5.20 |
(1) If an amount (the affected amount) in the table in
section 198G is indexed under Division 18 of Part IIIB or under section 198,
198A, 198D or 198F, this section applies to modify the way the amount is indexed
under that Division or section (as the case may be) for a limited period after 1
July 2000.
Method statement
Step 1. Work out the difference between an affected amount’s
base amount and its replacement amount (within the meaning of section 198G). The
result is the 4% increase amount.
Step 2. Multiply the 4% increase amount by 0.625. The result is the
provisional overall adjustment amount.
Step 3. Round off the provisional overall adjustment amount in
accordance with subsections (6) to (8), using the same rounding base as that
used for its base amount in section 198G. The result is the overall
adjustment amount.
Step 4. For the first indexation day for an affected amount that
occurs after 1 July 2000, subtract the current figure from the indexed amount
(arrived at using the Method statement in subsection 59C(2)). The result (which
could be zero) is the first indexation increase amount.
Step 5. Compare the overall adjustment amount with the first
indexation increase amount. If the overall adjustment amount is equal to or less
than the first indexation increase amount, go to Step 6. If the overall
adjustment amount is greater than the first indexation increase amount, go to
Step 7.
Step 6. Subtract the overall adjustment amount from the indexed
amount. The result is taken to be the indexed amount for the purposes of Step 5
of the Method statement in subsection 59C(2) and this section has no further
application in relation to the affected amount.
Note: The indexed amount for the purposes of Step 5 of the
Method statement in subsection 59C(2) may be increased under section 59EA in
certain cases. Similarly, if the indexed amount is a rate worked out under
section 198, that amount may be increased under subsection 198(6) or (7) in
certain cases.
Step 7. The indexed amount for the purposes of Step 5 of the Method
statement in subsection 59C(2) is taken to be equal to the current figure worked
out under Step 2 of the Method statement in subsection 59C(2). Go to Step
8.
Note: The indexed amount for the purposes of Step 5 of the
Method statement in subsection 59C(2) may be increased under section 59EA in
certain cases. Similarly, if the indexed amount is a rate worked out under
section 198, that amount may be increased under subsection 198(6) or (7) in
certain cases.
Step 8. For the second indexation day for the affected amount that
occurs after 1 July 2000, subtract the first indexation increase amount from the
overall adjustment amount. The result is the remaining adjustment
amount.
Step 9. Subtract the current figure from the indexed amount (arrived
at using the Method statement in subsection 59C(2)). The result (which could be
zero) is the second indexation increase amount.
Step 10. Compare the remaining adjustment amount with the second
indexation increase amount. If the remaining adjustment amount is equal to or
less than the second indexation increase amount, go to Step 11. If the remaining
adjustment amount is greater than the second indexation increase amount, go to
Step 12.
Step 11. Subtract the remaining adjustment amount from the indexed
amount. The result is taken to be the indexed amount for the purposes of Step 5
of the Method statement in subsection 59C(2) and this section has no further
application in relation to the affected amount.
Note: The indexed amount for the purposes of Step 5 of the
Method statement in subsection 59C(2) may be increased under section 59EA in
certain cases. Similarly, if the indexed amount is a rate worked out under
section 198, that amount may be increased under subsection 198(6) or (7) in
certain cases.
Step 12. The indexed amount for the purposes of Step 5 of the Method
statement in subsection 59C(2) is taken to be equal to the current figure worked
out under Step 2 of the method statement in subsection 59C(2). Go to Step
13.
Note: The indexed amount for the purposes of Step 5 of the
Method statement in subsection 59C(2) may be increased under section 59EA in
certain cases. Similarly, if the indexed amount is a rate worked out under
section 198, that amount may be increased under subsection 198(6) or (7) in
certain cases.
Step 13. Repeat the method set out in Steps 8 to 12 in relation to
the third indexation day and to subsequent indexation days until the remaining
adjustment amount is zero.
Meaning of terms
in method statement if amount is indexed under section 198, 198A, 198D or
198F
(2) For the purposes of applying the Method statement in this section to
an affected amount indexed under section 198, 198A, 198D or 198F, the following
expressions used in the Method statement have the meanings set out
below:
current figure, as at a particular time, means the rate most
recently substituted for a relevant rate under section 198, 198A, 198D or 198F
(as the case may be) before that time.
indexed amount means the rate worked out under subsection (4)
of section 198, 198A, 198D or 198F (as the case may be).
Modifications to method statement if amount is indexed under section
198, 198A, 198D or 198F
(3) If the affected amount is indexed under section 198, 198A, 198D or
198F, the following Steps in the Method statement in this section are to be read
with the following modifications:
(a) Step 4—as if the words “(arrived at using the Method
statement in subsection 59C(2))” were omitted;
(b) Step 6—as if the words “Step 5 of the Method statement in
subsection 59C(2)” were omitted and the words “section 198, 198A,
198D or 198F (as the case may be)” were substituted;
(c) Step 7—as if the words “Step 5 of the Method statement in
subsection 59C(2) is taken to be equal to the current figure worked out under
Step 2 of the Method statement in subsection 59C(2)” were omitted and the
words “section 198, 198A, 198D or 198F (as the case may be) is taken to be
equal to the current figure” were substituted;
(d) Step 9—as if the words “arrived at using the Method
statement in subsection 59C(2))” were omitted;
(e) Step 11—as if the words “Step 5 of the Method statement in
subsection 59C(2)” were omitted and the words “section 198, 198A,
198D or 198F (as the case may be)” were substituted;
(f) Step 12—as if the words “Step 5 of the Method statement in
subsection 59C(2) is taken to be equal to the current figure worked out under
Step 2 of the Method statement in subsection 59C(2)” were omitted and the
words “section 198, 198A, 198D or 198F (as the case may be) is taken to be
equal to the current figure” were substituted.
Application of section 59EA
(4) Section 59EA does not apply at Step 4 or Step 9 of the Method
statement in this section.
Application of subsections 198(6) and (7)
(5) Subsections 198(6) and (7) do not apply at Step 4 or Step 9 of the
Method statement in this section.
Rounding of provisional overall adjustment amounts
(6) If a provisional overall adjustment amount is a multiple of the
rounding base, the provisional overall adjustment amount is the overall
adjustment amount.
(7) If a provisional overall adjustment amount is not a multiple of the
rounding base, the overall adjustment amount is the provisional overall
adjustment amount rounded up or down to the nearest multiple of the rounding
base.
(8) If a provisional overall adjustment amount is not a multiple of the
rounding base, but is a multiple of half the rounding base, the overall
adjustment amount is the provisional overall adjustment amount rounded up to the
nearest multiple of the rounding base.
(1) This section applies to an amount (the base amount) that
is provided for in item 1, 2 or 3 of column 3 of the table in point
SCH6-E6.
(2) This Act has effect as if, on 1 July 2000, the base amount were
replaced by an amount (the replacement amount) worked out by:
(a) calculating the amount (the provisional replacement
amount) that is 2.5% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with
section 198M using a rounding base of $52.00.
(3) For the purposes of subsection (1), the base amount is to include any
indexation that occurs on 1 July 2000 under Division 18 of Part IIIB.
(1) This section applies to an amount (the base amount) that
is provided for in:
(a) item 1 or 2 of column 3A of the table in point SCH6-F3; or
(b) item 2 of column 3B of the table in point SCH6-F3.
(2) This Act has effect as if, on 1 July 2000, the base amount were
replaced by an amount (the replacement amount) worked out by:
(a) calculating the amount (the provisional replacement
amount) that is 2.5% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with
section 198M, using a rounding base of $250.00.
(3) For the purposes of subsection (1), the base amount is to include any
indexation that occurs on 1 July 2000 under Division 18 of Part IIIB.
(1) This section applies to an amount (the base amount) that
is provided for in column 3 or 5 of the table in subsection 53E(2).
(2) This Act has effect as if, on 1 July 2000, the base amount were
replaced by an amount (the replacement amount) worked out
by:
(a) calculating the amount (the provisional replacement
amount) that is 2.5% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with
section 198M, using a rounding base of $2.60.
(1) If a provisional replacement amount is a multiple of the rounding
base, the provisional replacement amount is the replacement amount.
(2) If a provisional replacement amount is not a multiple of the rounding
base, the replacement amount is the provisional replacement amount rounded up or
down to the nearest multiple of the rounding base.
(3) If a provisional replacement amount is not a multiple of the rounding
base, but is a multiple of half the rounding base, the replacement amount is the
provisional replacement amount rounded up to the nearest multiple of the
rounding base.
33 Point SCH6-C13 (step 6 of the method
statement)
Omit “Halve the person’s disability pension income
excess”, substitute “Multiply the person’s disability pension
income excess by 0.4”.
34 Subpoint SCH6-E11(1)
Repeal the subpoint, substitute:
(1) A person’s reduction for ordinary/adjusted income
is:
Part
3—Increase in certain
pensions
35
1 July 2000 increase in rate of certain pensions
(1) If, on or after 1 July 2000, a pension is payable to a person because
of the operation of subsection 4(6) or 10(1) of the Veterans’
Entitlements (Transitional Provisions and Consequential Amendments) Act
1986, the rate at which the pension is payable is the amount that is
4% greater than the rate at which the pension was payable to the person
immediately before 1 July 2000.
(2) The amount is to be rounded as follows:
(a) if the pension is payable because of subsection 4(6) of the
Veterans’ Entitlements (Transitional Provisions and Consequential
Amendments) Act 1986—to the nearest cent (rounding 0.5 cents
upwards);
(b) otherwise—to the nearest ten cents (rounding 5 cents
upwards).
1 Subsection 58G(2)
Repeal the subsection, substitute:
(2) Benefit is payable:
(a) at the same fortnightly rate as the rate of child disability allowance
under subsection 967(1) of the Social Security Act 1991; or
(b) if the Minister has determined, in writing, a higher rate per
fortnight—at that higher fortnightly rate.