Part of a package of six bills to give effect to the Government’s Nation Building and Jobs Plan, the bill amends the:
Social Security Act 1991 and
Social Security (Administration) Act 1999 to provide for the payment of a one-off $950 bonus to: eligible students returning to study or training in 2009 and certain other income support recipients; and farmers and farm-related small business owners receiving exceptional circumstances related income support payments;
Social Security Act 1991 to: reduce the qualification period for the education entry payment from 12 months to four weeks of continuous receipt of income support payments; and provide for an education entry payment supplement of $950 to those eligible for the education entry payment;
A New Tax System (Family Assistance) Act 1999 and
A New Tax System (Family Assistance) (Administration) Act 1999 to: provide for the payment of a one-off $950 per child bonus to families eligible for family tax benefit (FTB) Part A and certain children who receive a carer payment or disability support pension; and provide for a single income family bonus payment of $900 for families entitled to the FTB Part B. Also: enables the establishment of administrative schemes to provide bonus payments in circumstances where the statutory regime does not produce an appropriate result; and makes consequential amendments to four other Acts.