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Social Services Legislation Amendment (Family Payments Structural Reform and Participation Measures) Bill 2015

Schedule 1 Payment rates

Part 1 Family tax benefit

A New Tax System (Family Assistance) Act 1999

1  At the end of Part 2 of Schedule 4

Add:

7   One-off adjustment on 1 July 2018 of FTB child rate (A1)

                   This Act has effect as if, on 1 July 2018, each indexed amount of FTB child rate (A1) that is substituted under subclause 4(1) for another amount on that day were in turn substituted with an amount equal to the indexed amount plus $262.80.

Note:          In indexing each FTB child rate (A1) amount on 1 July 2019, the current figure for that amount immediately before that day will be the amount substituted under this clause.

2  Application provision

The amendment made by this Part applies in relation to working out the rate of family tax benefit for days on or after the commencement of this Part.

Part 2 Youth allowance and disability support pension

Social Security Act 1991

3  Point 1066A-B1 (table item 1, column 3)

Omit “$4,001.40”, substitute “annual linked rate”.

4  Point 1066A-B1 (table item 1, column 4)

Omit “$153.90”, substitute “fortnightly linked rate”.

5  Point 1066A-B1 (note 4)

After “column 3”, insert “of items 2, 3, 4, 5 and 6”.

6  Section 1066A (at the end of Module B of the Pension Rate Calculator D)

Add:

1066A-B2  For the purposes of column 3 of item 1 of the table in point 1066A-B1, the annual linked rate is the amount applicable under column 2 of item 2 of the table in clause 7 of Schedule 1 to the Family Assistance Act.

1066A-B3  For the purposes of column 4 of item 1 of the table in point 1066A-B1, the fortnightly linked rate is the amount worked out under the formula:

7  Point 1066B-B1 (table item 1, column 3)

Omit “$4,001.40”, substitute “annual linked rate”.

8  Point 1066B-B1 (table item 1, column 4)

Omit “$153.90”, substitute “fortnightly linked rate”.

9  Point 1066B-B1 (note 4)

After “column 3”, insert “of items 2, 3, 4, 5 and 6”.

10  Section 1066B (at the end of Module B of the Pension Rate Calculator E)

Add:

1066B-B2  For the purposes of column 3 of item 1 of the table in point 1066B-B1, the annual linked rate is the amount applicable under column 2 of item 2 of the table in clause 7 of Schedule 1 to the Family Assistance Act.

1066B-B3  For the purposes of column 4 of item 1 of the table in point 1066B-B1, the fortnightly linked rate is the amount worked out under the formula:

11  Point 1067G-B2 (table item 1, column 3)

Omit “$145.40”, substitute “linked rate”.

12  Point 1067G-B2 (note)

After “column 3”, insert “of items 2 and 3”.

13  After point 1067G-B2

Insert:

1067G-B2A     For the purposes of column 3 of item 1 of the table in point 1067G-B2, the linked rate is the amount worked out under the formula:

where:

FTB child rate is the amount applicable under column 2 of item 2 of the table in clause 7 of Schedule 1 to the Family Assistance Act.

14  Point 1067G-B3 (table items 1 and 3, column 3)

Omit “$145.40”, substitute “linked rate”.

15  Point 1067G-B3 (note)

After “column 3”, insert “of items 2, 4, 5, 6, 7 and 8”.

16  After point 1067G-B3

Insert:

1067G-B3AAA           For the purposes of column 3 of items 1 and 3 of the table in point 1067G-B3, the linked rate is the amount worked out under the formula:

where:

FTB child rate is the amount applicable under column 2 of item 2 of the table in clause 7 of Schedule 1 to the Family Assistance Act.

17  Section 1190 (table item 1B, column 4)

Omit “[Pension Rate Calculator D—point 1066A-B1—Table B—column 3—all amounts]”, substitute “[Pension Rate Calculator D—point 1066A-B1—Table B—column 3—items 2, 3, 4, 5 and 6]”.

18  Section 1190 (table item 1B, column 4)

Omit “[Pension Rate Calculator E—point 1066B-B1—Table B—column 3—all amounts]”, substitute “[Pension Rate Calculator E—point 1066B-B1—Table B—column 3—items 2, 3, 4, 5 and 6]”.

19  Section 1190 (table item 3A, column 4)

Omit “[Youth Allowance Rate Calculator—point 1067G-B2—Table BA—column 3—all amounts]”, substitute “[Youth Allowance Rate Calculator—point 1067G-B2—Table BA—column 3—items 2 and 3]”.

20  Section 1190 (table item 3A, column 4)

Omit “[Youth Allowance Rate Calculator—point 1067G-B3—Table BB—column 3—all amounts]”, substitute “[Youth Allowance Rate Calculator—point 1067G-B3—Table BB—column 3—items 2, 4, 5, 6, 7 and 8]”.

21  Section 1198B (table item 3)

Repeal the item.

22  Application provision

The amendments made by this Part apply in relation to working out the rate of youth allowance or disability support pension for days on or after the commencement of this Part.