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Second Reading Speeches

Social Services and Other Legislation Amendment (2014 Budget Measures No. 5) Bill 2014

Social Services
Originating house
House of Representatives
Not Proceeding
Parliament no

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Amends the

Social Security Act 1991
Veterans’ Entitlements Act 1986
to: pause indexation of income test free areas for pensions (other than parenting payment single) and deeming thresholds for three years from 1 July 2017; index pensions (other than parenting payment single) to the consumer price index from 20 September 2017; reduce social security and veterans’ entitlements income test deeming thresholds from 20 September 2017; and increase the age pension qualifying age, and the non-veteran pension age, from 67 to 70 years by six months every two years, commencing on 1 July 2025; and the
Income Tax Assessment Act 1997
to make consequential amendments.