Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

by leave—I move amendments (1), (2), (5), (6), (7) and (10) on sheet 1643 together:

(1) Clause 2, page 2 (table item 1), omit the table item, substitute:

(2) Clause 2, page 2 (after proposed table item 1), insert:

(5) Clause 2, page 2 (at the end of the table), add:

(6) Page 2 (after line 14), after clause 3, insert:

4 Review and expiration of Schedule 4

Review

(1) The Minister must cause a review to be conducted of the operation of the amendments made by Schedule 4 to this Act.

(2) The persons who undertake the review must:

(a) without limiting subsection (1), consider as part of the review, the merits of continuing the operation of the amendments made by Schedule 4 to this Act taking into account:

(i) changes in overseas net migration levels; and

(ii) the unemployment rate; and

(iii) the workforce participation rate; and

(iv) utilisation of the work bonus; and

(b) give the Minister a written report of the review no later than 30 days before the sunset day mentioned in subsection (4).

(3) The Minister must cause a copy of the report to be tabled in each House of the Parliament within 15 sitting days of that House after the report is given to the Minister.

Sunsetting of amendments

(4) The amendments made by Schedule 4 to this Act cease to be in force at the start of the day (the sunset day) after the end of the period of:

(a) 12 months beginning on the day Schedule 4 commenced; or

(b) each successive 12-month period after the day referred to in paragraph (a);

unless subsection (5) applies.

(5) The Minister may, by notifiable instrument, determine that the amendments made by Schedule 4 to this Act do not cease to be in force for a period of 12 months if the Minister is satisfied, after considering the report mentioned in subsection (2), that the amendments should remain in operation.

Definition of Minister

(6) For the purposes of this section, Ministermeans the Minister administering the Social Security Act 1991.

(7) Schedule 1, heading, page 3 (line 1), omit "Amendments", substitute "Commonwealth Seniors Health Card income test limits".

(10) Page 4, at the end of the Bill (after proposed Schedule 3), add:

Schedule 4 — Inc reasing the work bonus for pensioners and veterans

Social Security Act 1991

1 Subsection 1073AA(2) (examples 1 and 2)

Repeal the examples, substitute:

Example 1: David has $2,600 of work bonus income in an instalment period of 14 days. David's rate of social security pension for that period is greater than nil.

David's work bonus income for that period is reduced by $600, leaving David $2,000 of work bonus income for that period.

Example 2: Amy has $1,300 of work bonus income in an instalment period of 14 days. Amy's rate of social security pension for that period is greater than nil.

Amy's work bonus income for that period is reduced by $600, leaving Amy $700 of work bonus income for that period.

2 Subsection 1073AA(4) (example)

Repeal the example, substitute:

Example: Bill has $1,600 of work bonus income in an instalment period of 14 days. Bill's rate of social security pension for that period is greater than nil.

Under subsection (2), Bill's work bonus income for that period is reduced by $600, leaving Bill $1,000 of work bonus income for that period.

Assume Bill's unused concession balance is $800.

Under subsection (4), Bill's work bonus income for that period is further reduced by $800 leaving Bill $200 of work bonus income for that period.

Bill's unused concession balance is now nil.

3 Subsection 1073AA(4A) (example)

Omit "$200", substitute "$500".

4 Paragraphs 1073AA(4C)(a) and (b)

Omit "$300", substitute "$600".

5 Subsection 1073AB(2) (example)

Omit "$7,900", substitute "$8,200".

Veterans' Entitlements Act 1986

6 Subsection 46AA(2) (examples 1 and 2)

Repeal the examples, substitute:

Example 1: David has $2,600 of work bonus income in a pension period. David's rate of service pension or income support supplement for that period is greater than nil.

David's work bonus income for that period is reduced by $600, leaving David $2,000 of work bonus income for that period.

Example 2: Amy has $1,300 of work bonus income in a pension period. Amy's rate of service pension or income support supplement for that period is greater than nil.

Amy's work bonus income for that period is reduced by $600, leaving Amy $700 of work bonus income for that period.

7 Subsection 46AA(4) (example)

Repeal the example, substitute:

Example: Bill has $1,600 of work bonus income in a pension period. Bill's rate of service pension or income support supplement for that period is greater than nil.

Under subsection (2), Bill's work bonus income for that period is reduced by $600, leaving Bill $1,000 of work bonus income for that period.

Assume Bill's unused concession balance is $800.

Under subsection (4), Bill's work bonus income for that period is further reduced by $800 leaving Bill $200 of work bonus income for that period.

Bill's unused concession balance is now nil.

8 Subs ection 46AA(4A) (example)

Omit "$200", substitute "$500".

9 Subsection 46AA(4C)

Omit "$300", substitute "$600".

10 Subsection 46AC(2) (example)

Omit "$7,900", substitute "$8,200".

11 Subsection 46AD(3) (example)

Omit "$200", substitute "$500".

12 Applicati on provision

(1) The amendments of the Social Security Act 1991 made by this Schedule apply in relation to an instalment period that starts on or after the commencement of this item.

(2) The amendments of the Veterans' Entitlements Act 1986 made by this Schedule apply in relation to a pension period that starts on or after the commencement of this item.