Social Security Legislation Amendment (Fair Incentives to Work) Bill 2012

Type: Government
Portfolio: Education, Employment and Workplace Relations
Originating house: House of Representatives
Status: Act
Parliament no: 43
Summary: Amends the
Social Security Act 1991
to: remove the ‘grandfathering’ transitional arrangement from the parenting payment from 1 January 2013; reduce the length of the liquid assets waiting period by doubling the maximum reserve threshold for liquid assets to $5000 for singles without dependants or $10 000 for others from 1 July 2013; and clarify the definition of ‘termination payment’ for the purposes of the income maintenance period to ensure it includes any payments connected with the termination of a person’s employment.

Progress

House of Representatives
31 May 2012	Introduced and read a first time
31 May 2012	Second reading moved
27 Jun 2012	Second reading debate
28 Jun 2012	Second reading debate
28 Jun 2012	Second reading agreed to
28 Jun 2012	Consideration in detail debate
28 Jun 2012	Third reading agreed to

Senate
28 Jun 2012	Introduced and read a first time
28 Jun 2012	Second reading moved
09 Oct 2012	Second reading debate
09 Oct 2012	Second reading agreed to
09 Oct 2012	Committee of the Whole debate
09 Oct 2012	Third reading agreed to

09 Oct 2012	Text of bill as passed both Houses
24 Oct 2012	Assent Act no.: 144 Year: 2012

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate
Australian Greens [sheet 7271] SIEWERT, Sen Rachel

House of Representatives
Non-Government BANDT, Adam, MP

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

Notes

Referred to Committee (19/06/2012): Senate Education, Employment and Workplace Relations Legislation Committee; Committee report (23/08/2012)

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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 the 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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