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This is a Bill, not an Act. For current law, see the Acts databases.
2013-2014
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Social Services and Other Legislation
Amendment (2014 Budget Measures
No. 5) Bill 2014
No. , 2014
(Social Services)
A Bill for an Act to amend the law relating to social
security and veterans' entitlements, and for related
purposes
No. , 2014
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Indexation and deeming thresholds
3
Part 1--Amendments commencing 1 July 2017
3
Income Tax Assessment Act 1997
3
Social Security Act 1991
3
Veterans' Entitlements Act 1986
4
Part 2--Amendments commencing 20 September 2017
5
Social Security Act 1991
5
Veterans' Entitlements Act 1986
6
Schedule 2--Pension age
7
Social Security Act 1991
7
Veterans' Entitlements Act 1986
7
No. , 2014
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
1
A Bill for an Act to amend the law relating to social
1
security and veterans' entitlements, and for related
2
purposes
3
The Parliament of Australia enacts:
4
1 Short title
5
This Act may be cited as the Social Services and Other Legislation
6
Amendment (2014 Budget Measures No. 5) Act 2014.
7
2 Commencement
8
(1) Each provision of this Act specified in column 1 of the table
9
commences, or is taken to have commenced, in accordance with
10
column 2 of the table. Any other statement in column 2 has effect
11
according to its terms.
12
2
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
No. , 2014
1
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day this Act receives the Royal Assent.
2. Schedule 1,
Part 1
1 July 2017.
1 July 2017
3. Schedule 1,
Part 2
20 September 2017.
20 September
2017
4. Schedule 2
The day this Act receives the Royal Assent.
Note:
This table relates only to the provisions of this Act as originally
2
enacted. It will not be amended to deal with any later amendments of
3
this Act.
4
(2) Any information in column 3 of the table is not part of this Act.
5
Information may be inserted in this column, or information in it
6
may be edited, in any published version of this Act.
7
3 Schedules
8
Legislation that is specified in a Schedule to this Act is amended or
9
repealed as set out in the applicable items in the Schedule
10
concerned, and any other item in a Schedule to this Act has effect
11
according to its terms.
12
Indexation and deeming thresholds Schedule 1
Amendments commencing 1 July 2017 Part 1
No. , 2014
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
3
Schedule 1
--Indexation and deeming
1
thresholds
2
Part 1
--Amendments commencing 1 July 2017
3
Income Tax Assessment Act 1997
4
1 Subsection 54-40(2) (note)
5
Omit "1195", substitute "1194".
6
Social Security Act 1991
7
2 Paragraph 1189(aa)
8
Repeal the paragraph.
9
3 Subsection 1192(2) (method statement, step 4)
10
Omit "subject to Division 3,".
11
4 Subsection 1192(2) (method statement, step 4)
12
Omit "(The indexed amount (including one replaced under Division 3)
13
may be increased under section 1195 in certain cases.)".
14
5 After subsection 1192(5AAA)
15
Insert:
16
(5AAAA) The amount under item 14 of the CPI Indexation Table in
17
subsection 1191(1), except to the extent to which that item relates
18
to the amount in column 2 of Table E in point 1068A-E14 of the
19
Pension PP (Single) Rate Calculator, is not to be indexed on 1 July
20
2017, 1 July 2018 and 1 July 2019.
21
6 Subsection 1192(7)
22
Repeal the subsection, substitute:
23
(7) Amounts under items 35 and 36 of the CPI Indexation Table in
24
subsection 1191(1) are not to be indexed on 1 July 2017, 1 July
25
2018 and 1 July 2019.
26
Schedule 1 Indexation and deeming thresholds
Part 1 Amendments commencing 1 July 2017
4
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
No. , 2014
7 Section 1195
1
Repeal the section.
2
8 Division 3 of Part 3.16
3
Repeal the Division.
4
Veterans' Entitlements Act 1986
5
9 Paragraph 59(aa)
6
Repeal the paragraph.
7
10 Subsection 59C(2) (method statement, step 5)
8
Omit "subject to section 59EAA,".
9
11 Subsection 59C(2) (method statement, step 5)
10
Omit "The indexed amount (including one replaced under
11
section 59EAA) may be increased under section 59EA in certain
12
cases.".
13
12 At the end of section 59C
14
Add:
15
(4) Amounts under items 4, 11 and 12 of the CPI Indexation Table in
16
subsection 59B(1) are not to be indexed on 1 July 2017, 1 July
17
2018 and 1 July 2019.
18
13 Sections 59EAA to 59EA
19
Repeal the sections.
20
14 Subsection 198(1) (definition of fortnightly MTAWE figure)
21
Repeal the definition.
22
Indexation and deeming thresholds Schedule 1
Amendments commencing 20 September 2017 Part 2
No. , 2014
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
5
Part 2
--Amendments commencing 20 September
1
2017
2
Social Security Act 1991
3
15 Subsections 1081(1) and (2)
4
Repeal the subsections, substitute:
5
(1) The deeming threshold for a person who is not a member of a
6
couple is $30,000.
7
(2) The deeming threshold for a pensioner couple is $50,000.
8
16 Subsection 1081(3) (note)
9
Repeal the note, substitute:
10
Note:
For indexation of the amounts in subsections (1) and (2), see
11
sections 1190 to 1192.
12
17 After subsection 1192(7)
13
Insert:
14
(7A) For the purposes of working out the indexed amount for Deeming
15
threshold individual on 1 July 2020, the current figure for Deeming
16
threshold individual immediately before that day is taken to be
17
$30,000.
18
(7B) For the purposes of working out the indexed amount for Deeming
19
threshold pensioner couple on 1 July 2020, the current figure for
20
Deeming threshold pensioner couple immediately before that day
21
is taken to be $50,000.
22
18 Application provision
23
The amendment made by item 15 applies in relation to working out the
24
rate of social security payments for days on or after 20 September 2017.
25
Schedule 1 Indexation and deeming thresholds
Part 2 Amendments commencing 20 September 2017
6
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
No. , 2014
Veterans' Entitlements Act 1986
1
19 Section 46H
2
Repeal the section, substitute:
3
46H Deeming threshold
4
(1) The deeming threshold for a person who is not a member of a
5
couple is $30,000.
6
(2) The deeming threshold for a couple is $50,000.
7
Note:
For indexation of the amounts in subsections (1) and (2), see
8
sections 59A to 59C.
9
20 At the end of section 59C
10
Add:
11
(5) For the purposes of working out the indexed amount for Deeming
12
threshold individual on 1 July 2020, the current figure for Deeming
13
threshold individual immediately before that day is taken to be
14
$30,000.
15
(6) For the purposes of working out the indexed amount for Deeming
16
threshold couple on 1 July 2020, the current figure for Deeming
17
threshold couple immediately before that day is taken to be
18
$50,000.
19
21 Application provision
20
The amendment made by item 19 applies in relation to working out the
21
rate of service pension or income support supplement for days on or
22
after 20 September 2017.
23
Pension age Schedule 2
No. , 2014
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
7
Schedule 2
--Pension age
1
2
Social Security Act 1991
3
1 Subsection 23(5A) (table item 5)
4
Repeal the item, substitute:
5
6
5
1 January 1957 to 30 June 1958
67 years
6
1 July 1958 to 31 December 1959
67 years and 6 months
7
1 January 1960 to 30 June 1961
68 years
8
1 July 1961 to 31 December 1962
68 years and 6 months
9
1 January 1963 to 30 June 1964
69 years
10
1 July 1964 to 31 December 1965
69 years and 6 months
11
On or after 1 January 1966
70 years
2 Subsection 23(5D) (table item 5)
7
Repeal the item, substitute:
8
9
5
1 January 1957 to 30 June 1958
67 years
6
1 July 1958 to 31 December 1959
67 years and 6 months
7
1 January 1960 to 30 June 1961
68 years
8
1 July 1961 to 31 December 1962
68 years and 6 months
9
1 January 1963 to 30 June 1964
69 years
10
1 July 1964 to 31 December 1965
69 years and 6 months
11
On or after 1 January 1966
70 years
Veterans' Entitlements Act 1986
10
3 Subsection 5QB(2) (table item 5)
11
Repeal the item, substitute:
12
13
5.
1 January 1957 to 30 June 1958
67 years
6.
1 July 1958 to 31 December 1959
67 years and 6 months
7.
1 January 1960 to 30 June 1961
68 years
Schedule 2 Pension age
8
Social Services and Other Legislation Amendment (2014 Budget
Measures No. 5) Bill 2014
No. , 2014
8.
1 July 1961 to 31 December 1962
68 years and 6 months
9.
1 January 1963 to 30 June 1964
69 years
10.
1 July 1964 to 31 December 1965
69 years and 6 months
11.
On or after 1 January 1966
70 years
4 Subsection 5QB(5) (table item 5)
1
Repeal the item, substitute:
2
3
5
1 January 1957 to 30 June 1958
67 years
6
1 July 1958 to 31 December 1959
67 years and 6 months
7
1 January 1960 to 30 June 1961
68 years
8
1 July 1961 to 31 December 1962
68 years and 6 months
9
1 January 1963 to 30 June 1964
69 years
10
1 July 1964 to 31 December 1965
69 years and 6 months
11
On or after 1 January 1966
70 years
4