Financial Framework Legislation Amendment Bill (No. 2) 2012

Type
Government
Portfolio
Finance and Deregulation
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Amends: nine Acts to provide a mechanism (a ‘recoverable payment’) to provide authority for inadvertent overpayments of certain benefits and for their recovery;
Taxation Administration Act 1953
to enable the Commissioner of Taxation to make a ‘recoverable advance’ of an amount to which the recipient may become entitled to in future because the likely cost of not making these payments would exceed the total of the advance; seven Acts to authorise the Commonwealth to make ‘recoverable death payments’ to recipients until ComSuper or the relevant secretary is notified of the recipient’s death; eight Acts to require that where recoverable payments, advances or death payments are made, the relevant secretary or chief executive ensures that a report is published; 11 Acts to align administrative processes for making certain payments with the relevant legislation;
ComSuper Act 2011
to enable the Chief Executive Officer to delegate certain functions and powers;
National Residue Survey Administration Act 1992
to clarify that an expenditure program may be approved by the minister after payments are required to be made; and
Superannuation Act 1976
to clarify that the Commonwealth Superannuation Corporation’s (CSC) ability to recover amounts of benefit paid applies only to amounts paid by CSC. Also validates certain benefits under the
Defence Force Retirement and Death Benefits Act 1973
to regularise the treatment of certain benefit recipients.

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Progress

House of Representatives
Introduced and read a first time 30 May 2012
Second reading moved 30 May 2012
Second reading debate 19 Jun 2012
Second reading agreed to 19 Jun 2012
Third reading agreed to 19 Jun 2012
Senate
Introduced and read a first time 20 Jun 2012
Second reading moved 20 Jun 2012
Second reading debate 22 Jun 2012
Second reading agreed to 22 Jun 2012
Third reading agreed to 22 Jun 2012
Text of bill as passed both Houses 22 Jun 2012
Assent
  • Act no.: 82
  • Year: 2012
28 Jun 2012

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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