Summary
Part of a package of 18 bills to implement a carbon pricing mechanism, the bill amends the:
A New Tax System (Family Assistance) Act 1999
,
A New Tax System (Family Assistance) (Administration) Act 1999
,
Military Rehabilitation and Compensation Act 2004
,
Social Security Act 1991
,
Social Security (Administration) Act 1999
and
Veterans’ Entitlements Act 1986
to provide for: the payment of lump sum clean energy advances and clean energy supplements to certain pensioners, veterans, self-funded retirees and families; and the clean energy supplement to be indexed by the Consumer Price Index;
Farm Household Support Act 1992
and
Social Security Act 1991
to provide for the payment of the lump sum clean energy advances to recipients of the exceptional circumstances relief payment;
Income Tax Assessment Act 1936
,
Social Security Act 1991
,
Social Security (Administration) Act 1999
and
Taxation Administration Act 1953
to provide for an annual lump sum low income supplement;
Social Security Act 1991
,
Social Security (Administration) Act 1999
and
Veterans’ Entitlements Act 1986
to provide for an annual indexed payment of $140 to certain households requiring essential medical equipment;
A New Tax System (Family Assistance) Act 1999
and
A New Tax System (Family Assistance) (Administration) Act 1999
to provide an annual payment of up to $300 for certain single income families; and Aged Care Act 1997 to increase the standard resident contribution received by aged care homes by approximately $3.50 per week per resident. Also makes consequential amendments to five Acts.