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Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Social Security Amendment (Liquid Assets Waiting Period) Bill 2009


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Education, Employment and Workplace Relations

Summary

Amends the Social Security Act 1991 to: reduce the length of the liquid assets waiting period by doubling the maximum reserve threshold for liquid assets to $5,000 for singles without dependants or $10,000 for others for a two year period from 1 April 2009; and remove the surrender value of life insurance policies from the definition of ‘liquid assets’ for social security purposes. Also makes technical amendments to five other Acts.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 12/03/09  
Second reading moved 12/03/09  
Referred to Main Committee 16/03/09  
Second reading debate 17/03/09  
Second reading agreed to 17/03/09  
Reported from Main Committee 18/03/09  
Third reading agreed to 18/03/09  
     
Senate
Introduced and read a first time 18/03/09  
Second reading moved 18/03/09  
Second reading debate 19/03/09  
Second reading agreed to 19/03/09  
Third reading agreed to 19/03/09  
     
Text of bill as passed both Houses 19/03/09  
Assent 26/03/09 Act no.: 25 - Year: 2009
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes