Social Services and Other Legislation Amendment (Supporting Retirement Incomes) Bill 2018

Type: Government
Portfolio: Families and Social Services
Originating house: House of Representatives
Status: Act
Parliament no: 45

Summary

Amends the: Social Security Act 1991 and Veterans’ Entitlements Act 1986 to: establish new means test rules to accommodate the development of new innovative income streams; amend the current rules for lifetime income streams; increase the Work Bonus from $250 to $300 per fortnight and extend its application to income earned from remunerative work that involves personal exertion, including self-employment and work undertaken by contractors or consultants; and expand the Pension Loans Scheme to increase the access of certain classes of persons to the scheme; and Social Security Act 1991 to make technical amendments.

Progress

House of Representatives
Introduced and read a first time	29 Nov 2018
Second reading moved	29 Nov 2018
Second reading debate	13 Feb 2019
Second reading agreed to	13 Feb 2019
Third reading agreed to	13 Feb 2019

Senate
Introduced and read a first time	14 Feb 2019
Second reading moved	14 Feb 2019
Second reading debate	14 Feb 2019
Second reading agreed to	14 Feb 2019
Third reading agreed to	14 Feb 2019


Finally passed both Houses	14 Feb 2019
Assent Act no: 5 Year: 2019	01 Mar 2019

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Replacement explanatory memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Bills Digest

Notes

Considered by scrutiny committee (05/12/2018): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 1 of 2019
Referred to Committee (06/12/2018): Senate Economics Legislation Committee; Committee report (11/02/2019)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

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 changes 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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