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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.

Financial Framework Legislation Amendment Bill (No. 2) 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Finance and Deregulation

Summary

Amends: nine Acts to provide a mechanism (a ‘recoverable payment’) to provide authority for inadvertent overpayments of certain benefits and for their recovery; Taxation Administration Act 1953 to enable the Commissioner of Taxation to make a ‘recoverable advance’ of an amount to which the recipient may become entitled to in future because the likely cost of not making these payments would exceed the total of the advance; seven Acts to authorise the Commonwealth to make ‘recoverable death payments’ to recipients until ComSuper or the relevant secretary is notified of the recipient’s death; eight Acts to require that where recoverable payments, advances or death payments are made, the relevant secretary or chief executive ensures that a report is published; 11 Acts to align administrative processes for making certain payments with the relevant legislation; ComSuper Act 2011 to enable the Chief Executive Officer to delegate certain functions and powers; National Residue Survey Administration Act 1992 to clarify that an expenditure program may be approved by the minister after payments are required to be made; and Superannuation Act 1976 to clarify that the Commonwealth Superannuation Corporation’s (CSC) ability to recover amounts of benefit paid applies only to amounts paid by CSC. Also validates certain benefits under the Defence Force Retirement and Death Benefits Act 1973 to regularise the treatment of certain benefit recipients.

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 30/05/12  
Second reading moved 30/05/12  
Second reading debate 19/06/12  
Second reading agreed to 19/06/12  
Third reading agreed to 19/06/12  
     
Senate
Introduced and read a first time 20/06/12  
Second reading moved 20/06/12  
Second reading debate 22/06/12  
Second reading agreed to 22/06/12  
Third reading agreed to 22/06/12  
     
Text of bill as passed both Houses 22/06/12  
Assent 28/06/12 Act no.: 82 of 2012
     

Text of bill

  • First reading

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  • As passed by both Houses

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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