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This is a Bill, not an Act. For current law, see the Acts databases.
2004-2005-2006
The Parliament of the
Commonwealth of Australia
THE SENATE
Presented and read a first time
Social Security (Helping Pensioners Hit by the Skills Shortage) Bill 2006
No. , 2006
(Senator Evans)
A Bill for an Act to amend the Social Security Act 1991, to assist those who have had their pension cut because of lengthy delays in the construction of a new home due to the national shortage of building tradespeople
Contents
A Bill for an Act to amend the Social Security Act 1991, to assist those who have had their pension cut because of lengthy delays in the construction of a new home due to the national shortage of building tradespeople
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Social Security (Helping Pensioners Hit by the Skills Shortage) Act 2006.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1--Amendment of the Social Security Act 1991
1 After subsection 1118(2A)
Insert:
(2B) If:
(a) a person sells the person's principal home; and
(b) the person is unable within 12 months to acquire another residence that is to be the person's principal home; and
(c) in the Secretary's opinion the delay in acquiring another residence that is to be the person's principal home is because of circumstances beyond the person's control; and
(d) the person is likely, within 24 months, to apply the whole or a part of the proceeds of the sale in acquiring another residence that is to be the person's principal home;
then so much of the proceeds of the sale as the person is likely to apply in acquiring the other residence is to be disregarded during that period for the purpose of this Act (other than Division 1B of Part 3.10).
Amendment of the Social Security Act 1991 Schedule 1
Social Security (Helping Pensioners Hit by the Skills Shortage) Bill 2006 No. , 2006
\\HOME2\SEN-ChamberDocs\bills\5025 13/9/2006 11:44 AM
Social Security (Helping Pensioners Hit by the Skills Shortage) Bill 2006 No. , 2006
Social Security (Helping Pensioners Hit by the Skills Shortage) Bill 2006 No. , 2006
Social Security (Helping Pensioners Hit by the Skills Shortage) Bill 2006 No. , 2006
Social Security (Helping Pensioners Hit by the Skills Shortage) Bill 2006 No. , 2006
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