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Second Reading Speeches

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

Type
Government
Portfolio
Social Services
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
44

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Summary

Amends the

Social Security Act 1991
and
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.