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Veterans' Affairs Legislation Amendment Bill (No. 1) 2000

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1998-1999-2000

 

 

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

 

 

HOUSE OF REPRESENTATIVES

 

 

 

 

 

VETERANS’ AFFAIRS LEGISLATION AMENDMENT BILL (NO.1) 2000

 

 

 

 

SUPPLEMENTARY EXPLANATORY MEMORANDUM

 

 

 

 

 

 

Amendment to be Moved on Behalf of the Government

 

 

 

 

 

 

(Circulated by authority of the

Minister for Veterans’ Affairs,

The Hon Bruce Scott, MP)



 

 

 

 

OUTLINE

 

This amendment to the Veterans' Affairs Legislation Amendment Bill (No. 1) 2000 will complete amendments required to a formula in the Veterans' Entitlements Act 1986 .

 

Financial impact

There is no financial impact.

 

 

 

 

 

 

 

Amendment

 

 

Amendment 1 inserts new Item 47A into Part 10 of Schedule 1 of the Bill. 

 

New Item 47A amends the formula, in paragraph 59Q(7)(b) of the VEA, which is used to calculate a lump sum preclusion period for an income support payment for a person who has received a lump sum compensation payment.  The amendment will ensure that the calculation reflects the 40 cents in the dollar taper rate, reduced from 50 cents in the dollar, introduced as part of the GST compensation package.

 

 

Commencement

 

Subclause 2(3) provides that Part 10 of Schedule 1 is taken to have commenced on

1 July 2000.