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Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Bill 2009

2008-2009

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Bill 2009

 

No.      , 2009

 

 

 

 

 

A Bill for an Act to amend the law relating to social security, veterans’ affairs, family assistance and aged care, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 3

Schedule 1—Increased pension rates on 20 September 2009                       4

Part 1—Increased maximum basic rate                                                                 4

Social Security Act 1991                                                                                             4

Part 2—Disability support pension for persons under 21 with dependent children           5

Division 1—Main amendments                                                                                 5

Social Security Act 1991                                                                                             5

Division 2—Related amendments                                                                             7

Social Security Act 1991                                                                                             7

Part 3—Other amendments                                                                                       12

Social Security Act 1991                                                                                           12

Part 4—Application of amendments                                                                    15

Schedule 2—Indexation using the Pensioner and Beneficiary Living Cost Index              16

Social Security Act 1991                                                                                           16

Schedule 3—Indexation using combined couple benchmark                     20

Social Security Act 1991                                                                                           20

Schedule 4—Pension supplements                                                                              24

Part 1—Key concepts                                                                                                  24

Social Security Act 1991                                                                                           24

Part 2—Amendment of Rate Calculators                                                          27

Social Security Act 1991                                                                                           27

Part 3—Seniors supplement and quarterly pension supplement             40

Social Security Act 1991                                                                                           40

Social Security (Administration) Act 1999                                                            43

Part 4—Other amendments                                                                                       45

Income Tax Assessment Act 1997                                                                             45

Social Security Act 1991                                                                                           47

Social Security (Administration) Act 1999                                                            60

Part 5—Application and transitional                                                                    63

Schedule 5—Flow-through of pension supplement to CPRS                    66

Social Security Act 1991                                                                                           66

Schedule 6—Income tests                                                                                                 86

Part 1—Taper rate                                                                                                          86

Social Security Act 1991                                                                                           86

Part 2—Income free area                                                                                            87

Social Security Act 1991                                                                                           87

Part 3—Application of amendments                                                                    89

Schedule 7—Work bonus                                                                                                 90

Social Security Act 1991                                                                                           90

Schedule 8—Employment income attribution for persons of pension age               93

Social Security Act 1991                                                                                           93

Schedule 9—Pension bonus scheme                                                                           94

Social Security Act 1991                                                                                           94

Schedule 10—Transitional arrangements                                                              95

Part 1—Main amendment                                                                                          95

Social Security Act 1991                                                                                           95

Part 2—Related amendments                                                                                106

Division 1—Amendments commencing on 20 September 2009                     106

Social Security Act 1991                                                                                         106

Division 2—Amendments commencing on 21 September 2009                     106

Social Security Act 1991                                                                                         106

Schedule 11—Pension age                                                                                              108

Social Security Act 1991                                                                                         108

Schedule 12—Advance payments                                                                             110

Social Security Act 1991                                                                                         110

Schedule 13—Commonwealth seniors health card                                        115

Social Security Act 1991                                                                                         115

Veterans’ Entitlements Act 1986                                                                           115

Schedule 14—Indexation under the family assistance law                        117

A New Tax System (Family Assistance) Act 1999                                               117

Schedule 15—Portability of payments                                                                   118

Social Security Act 1991                                                                                         118

Schedule 16—Excluded income                                                                                  120

Social Security Act 1991                                                                                         120

Veterans’ Entitlements Act 1986                                                                           120

Schedule 17—Amendments relating to aged care                                           121

Part 1—Main amendments                                                                                      121

Aged Care Act 1997                                                                                                 121

Part 2—Application provisions                                                                             134

Schedule 18—Operational area                                                                                  135

Veterans’ Entitlements Act 1986                                                                           135

 



A Bill for an Act to amend the law relating to social security, veterans’ affairs, family assistance and aged care, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Act 2009 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

 

2.  Schedule 1

 20 September 2009.

20 September 2009

3.  Schedule 2

The day on which this Act receives the Royal Assent.

 

4.  Schedule 3

1 January 2010.

1 January 2010

5.  Schedule 4

 20 September 2009.

20 September 2009

6.  Schedule 5

Immediately after the commencement of Schedule 1 to the Carbon Pollution Reduction Scheme Amendment (Household Assistance) Act 2009 .

However, if that Schedule does not commence, the provision(s) do not commence at all.

 

7.  Schedules 6, 7 and 8

 20 September 2009.

20 September 2009

8.  Schedule 9

The day on which this Act receives the Royal Assent.

 

9.  Schedule 10, Part 1

20 September 2009.

20 September 2009

10.  Schedule 10, Part 2, Division 1

20 September 2009.

20 September 2009

11.  Schedule 10, Part 2, Division 2

21 September 2009.

21 September 2009

12.  Schedule 11

The day on which this Act receives the Royal Assent.

 

13.  Schedule 12

1 July 2010.

1 July 2010

14.  Schedule 13

1 July 2009.

1 July 2009

15.  Schedule 14, items 1 and 2

30 June 2009.

30 June 2009

16.  Schedule 14 item 3

3 July 2009.

3 July 2009

17.  Schedule 14, items 4 and 5

30 June 2009.

30 June 2009

18.  Schedule 15

 20 September 2009.

20 September 2009

19.  Schedule 16

1 July 2009.

1 July 2009

20.  Schedule 17

20 September 2009.

20 September 2009

21.  Schedule 18

The day on which this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

             (2)  Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.