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

Schedule 9 Pension bonus scheme

   

Social Security Act 1991

1  After subsection 92J(1)

Insert:

          (1A)  However, the Secretary must not register a person as a member of the pension bonus scheme if the person’s date of qualification for the age pension occurs on or after 20 September 2009.

          (1B)  For the purposes of subsection (1A), subsections 92H(8) and (9) apply in a way corresponding to the way in which they apply for the purposes of section 92H.

2  Application

The amendment made by item 1 applies in relation to applications for registration that are made on or after the commencement of that item.