Commonwealth Numbered Acts

SOCIAL SERVICES AND OTHER LEGISLATION AMENDMENT (2014 BUDGET MEASURES NO. 6) ACT 2014 (NO. 122, 2014) - SCHEDULE 2

Part 1 -- Amendments commencing 1 July 2015

Farm Household Support Act 2014

1  Section 95 (table item 5)

Omit "1 July 2015", substitute "1 July 2017".

Social Security Act 1991

2  Subsection 1191(1) (table items 21A, 21B and 21C)

Repeal the items.

3  Before subsection 1192(5A)

Insert:

       (5AB)  Amounts under items 21, 22 and 23 of the CPI Indexation Table in subsection 1191(1) are not to be indexed on 1 July 2015 and 1 July 2016.

4  Section 1204

Repeal the section, substitute:

1204   Adjustment of benefit AVLs

             (1)  This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the benefit "single" non-homeowner AVL:

where:

benefit "partnered" (item 3) homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) homeowner AVL.

benefit "partnered" (item 3) non-homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) non-homeowner AVL.

benefit "single" homeowner AVL is the current figure, as at that 1 July, for the benefit "single" homeowner AVL.

             (2)  This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the benefit "partnered" (item 2) homeowner AVL:

where:

benefit "partnered" (item 3) homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) homeowner AVL.

             (3)  This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the benefit "partnered" (item 2) non-homeowner AVL:

where:

benefit "partnered" (item 3) non-homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) non-homeowner AVL.

Part 2 -- Amendments commencing 1 July 2017

Social Security Act 1991

5  Before subsection 1192(5A)

Insert:

        (5AE)  Amounts under items 18, 19 and 20 of the CPI Indexation Table in subsection 1191(1) are not to be indexed on 1 July 2017, 1 July 2018 and 1 July 2019.

Veterans' Entitlements Act 1986

6  Subsections 59C(2A) and (3)

Repeal the subsections, substitute:

             (3)  Amounts under items 6, 7 and 8 of the CPI Indexation Table in subsection 59B(1) are not to be indexed on 1 July 2017, 1 July 2018 and 1 July 2019.