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Social Services and Other Legislation Amendment (Incentivising Pensioners to Downsize) Bill 2022

Social Services
Originating house
House of Representatives
Before Reps
Parliament no

Track (What's this?)



Amends the Social Security Act 1991 and Veterans' Entitlements Act 1986 to: extend from 12 to 24 months the assets test exemption on principal home sale proceeds intended for the purchase of a new principal home, for pensioners and other eligible support recipients; and assess the deemed income on proceeds from the sale of the principal home at the below threshold deeming rate during the period of exemption from the assets test.


House of Representatives
Introduced and read a first time 07 Sep 2022
Second reading moved 07 Sep 2022
Second reading debate 27 Sep 2022
Referred to Federation Chamber 27 Sep 2022
Second reading debate 28 Sep 2022
Second reading agreed to 28 Sep 2022
Reported from Federation Chamber 28 Sep 2022
Third reading agreed to 28 Sep 2022

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present


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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