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Wednesday, 4 February 2009
Page: 176

Ms MACKLIN (Minister for Families, Housing, Community Services and Indigenous Affairs) (9:52 AM) —I move:

That this bill be now read a second time.

This bill provides for consequential amendments to various acts in relation to the tax bonus payment provided for in the Tax Bonus for Working Australians Bill 2009.

It ensures that the tax bonus payments are not to be treated as income for tax and welfare-related purposes.

In particular, the bonus payment will be non-assessable and non-exempt income, which means that it will be disregarded for income tax purposes.

In addition, the payments will not be treated as income for the purposes of social security and family assistance benefits paid by Centrelink.

The bill also makes other consequential amendments relating to the administration of the bonus payment.

I commend the bill to the House.

The DEPUTY SPEAKER (Mr PD Secker)—In accordance with the resolution agreed to earlier, the debate is adjourned and the resumption of the debate is made an order of the day for a later hour this day.