1998
   The Parliament of the
   Commonwealth of Australia
   HOUSE OF REPRESENTATIVES
   Presented and read a first time
   A New Tax System (Aged Care Compensation Measures Legislation
   Amendment) Bill 1998
   No. , 1998
   (Aged Care)
   A Bill for an Act to provide for aged care compensation measures
   related to the implementation of A New Tax System, and for related
   purposes

   ISBN: 0642 379475

   Contents

   A Bill for an Act to provide for aged care compensation measures
   related to the implementation of A New Tax System, and for related
   purposes

   The Parliament of Australia enacts:

      1 Short title

   This Act may be cited as the A New Tax System (Aged Care Compensation
   Measures Legislation Amendment) Act 1998.

      2 Commencement

   (1) Subject to subsection (2), this Act commences on the day on which
   it receives the Royal Assent.

   (2) Schedule 1 commences at the same time as Schedule 1 to the A New
   Tax System (Compensation Measures Legislation Amendment) Act 1998.

      3 Schedule(s)

   Subject to section 2, each Act that is specified in a Schedule to this
   Act is amended or repealed as set out in the applicable items in the
   Schedule concerned, and any other item in a Schedule to this Act has
   effect according to its terms.

        Schedule 1--Aged Care Act 1997

   1 Section 44-25

   Omit "2 times", substitute "five-thirds times".

   2 Subsection 58-3(1)

   Repeal the subsection, substitute:

   (1) The standard resident contribution for a care recipient who is not
   receiving an ^*income support payment is an amount (rounded down to the
   nearest cent) equal to 1.25 times the ^*standard pensioner
   contribution.

   3 Clause 1 of Schedule 1 (definition of standard pensioner
   contribution)

   Repeal the definition, substitute:

   standard pensioner contribution means an amount (rounded down to the
   nearest cent) equal to 81.5% of the ^*basic age pension amount, worked
   out on a per day basis.