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Social Services Legislation Amendment (Youth Employment and Other Measures) Bill 2015

Schedule 5 Indexation

   

Social Security Act 1991

1  Subsection 1192(4AB)

Omit “1 July 2015”, substitute “1 July 2018”.

2  After subsection 1192(5)

Insert:

    (5AAA)  The amount under item 14 of the CPI Indexation Table in subsection 1191(1), to the extent to which that item relates to the amount in column 2 of Table E in point 1068A-E14 of the Pension PP (Single) Rate Calculator, is not to be indexed on 1 July 2015, 1 July 2016 and 1 July 2017.

     (5AAB)  Amounts under items 14AA, 14AB, 15 and 24 of the CPI Indexation Table in subsection 1191(1) are not to be indexed on 1 January 2016, 1 January 2017 and 1 January 2018.