Second Reading Speeches

Social Services and Other Legislation Amendment (2014 Budget Measures No. 2) Bill 2014

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

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Summary

Introduced with the Social Services and Other Legislation Amendment (2014 Budget Measures No. 1) Bill 2014, the bill amends the:

Social Security Act 1991
and
Veterans’ Entitlements Act 1986
to: pause indexation on certain income and assets test free areas and thresholds for three years; 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; exclude from the social security and veterans’ entitlements income test payments made under the Young Carer Bursary Programme from 1 January 2015; include tax-free superannuation income in the assessment of income for qualification for the seniors health card; 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;
Social Security Act 1991
to: extend to 19 weeks the portability period for seniors health cardholders; restrict qualification for relocation scholarship payments; extend youth allowance (other) to 22 to 24 year olds in lieu of newstart allowance and sickness allowance from 1 January 2015; and provide for 26-week waiting periods and non-payment periods from 1 January 2015;
Social Security Act 1991
and
Social Security (Administration) Act 1999
to: limit the overseas portability period for disability support pension from 1 January 2015; and abolish the pensioner education supplement from 1 January 2015;
Social Security Act 1991
,
Social Security (Administration) Act 1999
and
Veterans’ Entitlements Act 1986
to abolish the education entry payment from 1 January 2015;
A New Tax System (Family Assistance) Act 1999
in relation to family tax benefit (from 1 July 2015) by: limiting the large family supplement; removing the per-child add-on; revising end-of-year supplements to their original values and ceasing indexation; reducing the primary earner income limit; limiting family tax benefit Part B; and introducing a single parent supplement;
Veterans’ Entitlements Act 1986
to remove the three months’ backdating of disability pension from 1 January 2015; and seven Acts to make consequential amendments.