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SOCIAL SECURITY LEGISLATION AMENDMENT (FAIR INCENTIVES TO WORK) ACT 2012 (NO. 144, 2012) - SCHEDULE 3

Termination payments

   

Social Security Act 1991

1  Point 1064-F14 (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

2  Point 1064-F14 (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

3  Point 1066A-G14 (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

4  Point 1066A-G14 (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

5  Point 1067G-H19 (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

6  Point 1067G-H19 (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

7  Point 1067L-D15 (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

8  Point 1067L-D15 (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

9  Point 1068-G7AQ (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

10  Point 1068-G7AQ (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

11  Point 1068A-E12 (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

12  Point 1068A-E12 (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

13  Point 1068B-D18 (definition of period to which the payment relates )

Omit "redundancy" (wherever occurring), substitute "termination".

14  Point 1068B-D18 (definition of termination payment )

Repeal the definition, substitute:

"termination payment" includes:

                     (a)  a redundancy payment; and

                     (b)  a leave payment relating to a person's employment that has been terminated; and

                     (c)  any other payment that is connected with the termination of a person's employment.

15  Application

The amendments made by this Schedule apply in relation to payments made on or after the commencement of this Schedule.


 



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