Australia and New Zealand stand apart internationally by relying entirely on flat-rate, means-tested systems of unemployment payments. In New Zealand, this may be about to change. Read more...
The Farm Household Support Amendment (Debt Waiver) Bill 2021 (the Bill) amends the Farm Household Support Act 2014 (the FHS Act) to permanently waive the repayment of certain classes of debt owed by Farm Household Allowance (FHA) recipients. These debts have arisen as a result of overpayments of the FHA due to inaccurate estimates of business income provided by claimants. According to the Explanatory Memorandum, the amendments in the Bill will have a total financial cost of $65.6 million, including $51.0 million in foregone revenue from debts that would otherwise have been repaid (p. 2). In his second reading speech, Assistant Treasurer Michael Sukkar stated that the Bill will provide debt r... Read more...
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