2008-2009

 

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

 

SENATE

 

 

 

 

VETERANS’ AFFAIRS AND OTHER LEGISLATION AMENDMENT (PENSION REFORM) BILL 2009

 

 

 

 

CORRECTION TO THE EXPLANATORY MEMORANDUM

 

 

 

 

 

PAGE 98 - SCHEDULE 11 - ADVANCE PAYMENTS

 

Last sentence - after the last sentence add: “This commencement date provides pensioners and the Department with a period of time to adjust to the significant reforms to the payment arrangements for pensioners occurring on 20 September 2009.  Two measures will be implemented on 1 July 2010: the changes to advance payments and the option to receive the minimum Pension Supplement on a quarterly basis instead of receiving the whole amount fortnightly.  Implementing these two measures at the same time will give pensioners greater choice and more flexibility to plan and budget effectively.”

 

 

 

 

 

 

 

(Circulated by the authority of the Minister for Veterans’ Affairs,

the Honourable Alan Griffin, MP)