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Second Reading Speeches

Social Services Legislation Amendment (Family Payments Structural Reform and Participation Measures) Bill (No. 2) 2015

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

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Summary

Amends the:

A New Tax System (Family Assistance) Act 1999
to: increase family tax benefit (FTB) Part A fortnightly rates by $10.08 for each FTB child in the family up to 19 years of age; restructure family tax benefit Part B by: increasing the standard rate by $1000.10 per year for families with a youngest child aged under one; maintaining certain standard rates for families, single parents who are at least 60 years of age, grandparents and great-grandparents; and introducing a reduced rate of $1000.10 per year for individuals with a youngest child aged 13 to 16 years of age who are not single parents aged 60 or more or grandparents or great-grandparents; and phase out the family tax benefit Part A and Part B supplements;
Social Security Act 1991
to increase certain youth allowance and disability support pension fortnightly rates by approximately $10.44 for recipients under 18 years of age; and
A New Tax System (Family Assistance) (Administration) Act 1999
to make consequential amendments.