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
30 May 2012Introduced and read a first time
30 May 2012Second reading moved
19 Jun 2012Second reading debate
19 Jun 2012Second reading agreed to
19 Jun 2012Third reading agreed to
Senate
20 Jun 2012Introduced and read a first time
20 Jun 2012Second reading moved
22 Jun 2012Second reading debate
22 Jun 2012Second reading agreed to
22 Jun 2012Third reading agreed to


22 Jun 2012Text of bill as passed both Houses
28 Jun 2012Assent

Act no.: 82

Year: 2012

Documents and transcripts

Text of bill

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Word Format PDF Format

Explanatory memoranda

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Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

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Committee Information

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Bills Digest PDF Format

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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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