Commonwealth of Australia Bills

[Index] [Search] [Download] [Related Items] [Help]

This is a Bill, not an Act. For current law, see the Acts databases.

CARBON POLLUTION REDUCTION SCHEME AMENDMENT (HOUSEHOLD ASSISTANCE) BILL 2009 [NO. 2]

2008-2009
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Carbon Pollution Reduction Scheme
Amendment (Household Assistance) Bill
2009
No. , 2009
(Families, Housing, Community Services and Indigenous Affairs)
A Bill for an Act to amend the law relating to social
security, family assistance, veterans' affairs,
military rehabilitation and compensation and
taxation, and for related purposes
i Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No.
, 2009
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
3
Schedule 1--Assistance under the Social Security Act
4
Part 1--Main amendments
4
Social Security Act 1991
4
Part 2--Transitional payment
12
Division 1--Amendment of the social security law
12
Social Security Act 1991
12
Social Security (Administration) Act 1999
17
Division 2--Other amendments
19
Income Tax Assessment Act 1997
19
Schedule 2--Assistance to families
20
A New Tax System (Family Assistance) Act 1999
20
A New Tax System (Family Assistance) (Administration) Act 1999
25
Schedule 3--Assistance under the Veterans' Entitlements Act
26
Part 1--Main amendment
26
Veterans' Entitlements Act 1986
26
Part 2--Related amendments
31
Division 1--Amendments whose commencement depends on another
Act
31
Veterans' Entitlements Act 1986
31
Division 2--Amendment whose commencement depends on 2 other
Acts
32
Veterans' Entitlements Act 1986
32
Schedule 4--Assistance under the Military Rehabilitation and
Compensation Act
33
Military Rehabilitation and Compensation Act 2004
33
Schedule 5--Assistance under the tax law
35
Part 1--Amendments relating to the 2011-12 year of income
35
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 ii
Income Tax Assessment Act 1936
35
Medicare Levy Act 1986
35
Part 2--Amendments relating to the 2012-13 and later years of
income
37
Income Tax Assessment Act 1936
37
Medicare Levy Act 1986
37
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 1
A Bill for an Act to amend the law relating to social
1
security, family assistance, veterans' affairs,
2
military rehabilitation and compensation and
3
taxation, and for related purposes
4
The Parliament of Australia enacts:
5
1 Short title
6
This Act may be cited as the Carbon Pollution Reduction Scheme
7
Amendment (Household Assistance) Act 2009.
8
2 Commencement
9
(1) Each provision of this Act specified in column 1 of the table
10
commences, or is taken to have commenced, in accordance with
11
column 2 of the table. Any other statement in column 2 has effect
12
according to its terms.
13
2 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
1
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day on which this Act receives the
Royal Assent.
2. Schedules 1
and 2
1 July 2011.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 does
not commence before or on 1 July 2011, the
provision(s) do not commence at all.
3. Schedule 3,
Part 1
1 July 2011.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 does
not commence before or on 1 July 2011, the
provision(s) do not commence at all.
4. Schedule 3,
Part 2, Division 1
1 July 2011.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 does
not commence before or on 1 July 2011, the
provision(s) do not commence at all.
5. Schedule 3,
Part 2, Division 2
1 July 2011.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 and
the Veterans' Affairs Legislation Amendment
(Budget Measures) Act 2009 do not both
commence before or on 1 July 2011, the
provision(s) do not commence at all.
6. Schedule 4
1 July 2011.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 does
not commence before or on 1 July 2011, the
provision(s) do not commence at all.
7. Schedule 5,
Part 1
1 July 2011.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 does
not commence before or on 1 July 2011, the
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 3
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
provision(s) do not commence at all.
8. Schedule 5,
Part 2
1 July 2012.
However, if section 3 of the Carbon
Pollution Reduction Scheme Act 2009 does
not commence before or on 1 July 2011, the
provision(s) do not commence at all.
Note:
This table relates only to the provisions of this Act as originally
1
passed by both Houses of the Parliament and assented to. It will not be
2
expanded to deal with provisions inserted in this Act after assent.
3
(2) Column 3 of the table contains additional information that is not
4
part of this Act. Information in this column may be added to or
5
edited in any published version of this Act.
6
3 Schedule(s)
7
Each Act that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
11
12
Schedule 1 Assistance under the Social Security Act
Part 1 Main amendments
4 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Schedule 1--Assistance under the Social
1
Security Act
2
Part 1--Main amendments
3
Social Security Act 1991
4
1 At the end of subsection 1192(2)
5
Add:
6
Note 3:
On the indexation days following 1 July 2012, the indexation of
7
certain amounts may be affected by Subdivisions C and D of
8
Division 8.
9
2 At the end of Part 3.16
10
Add:
11
Division 8--Increases related to Carbon Pollution
12
Reduction Scheme
13
Subdivision A--Introduction
14
1206GF Objects of this Division
15
(1) The main object of this Division is to increase certain amounts that
16
affect the rate at which social security payments are made to
17
certain recipients of payments of the following kinds, on account
18
of the Carbon Pollution Reduction Scheme's estimated cost of
19
living increase:
20
(a)
age
pension;
21
(b)
austudy
payment;
22
(c)
bereavement
allowance;
23
(d)
carer
payment;
24
(e) disability support pension;
25
(f)
newstart
allowance;
26
(g)
parenting
payment;
27
(h)
partner
allowance;
28
(i)
sickness
allowance;
29
(j)
widow
allowance;
30
Assistance under the Social Security Act Schedule 1
Main amendments Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 5
(k) widow B pension;
1
(l)
wife
pension;
2
(m)
youth
allowance;
3
(n) payments of kinds specified under section 1206GM.
4
(2) Another object of this Division is to adjust indexation of those
5
amounts after they are increased, to reflect the inclusion in the
6
increases of elements brought forward from the Carbon Pollution
7
Reduction Scheme's estimated cost of living increase.
8
Subdivision B--Increases
9
1206GG What this Subdivision applies to
10
This Subdivision applies to the following amounts (each of which
11
is a base amount):
12
(a) amounts provided for in a provision that is listed in column 1
13
of the following table and sets a rate;
14
(b) amounts specified under section 1206GN as amounts to
15
which this Subdivision applies.
16
17
Amounts that are increased
Column
1
Provision for base
amount
Column 2
Description of amount
Column 3
Rounding base
for base amount
1 [Austudy
Payment
Rate Calculator--
point 1067L-B2--
Table BA--column
3--all amounts]
[Austudy Payment
Rate Calculator--
point 1067L-B3]
AP MBR
$0.10
2 [Benefit
Rate
Calculator B--point
1068-B1--Table
B--column 3--all
amounts]
Maximum basic rates for newstart
allowance, sickness allowance,
partner allowance and widow
allowance
$0.10
3 [Benefit
PP
(Partnered) Rate
Maximum basic rate for parenting
payment--benefit PP (partnered)
$0.10
Schedule 1 Assistance under the Social Security Act
Part 1 Main amendments
6 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Amounts that are increased
Column
1
Provision for base
amount
Column 2
Description of amount
Column 3
Rounding base
for base amount
Calculator--point
1068B-C2--Table
C--column 3--all
amounts]
4 [Youth
Allowance
Rate Calculator--
point 1067G-B2--
Table BA--column
3--all amounts]
[Youth Allowance
Rate Calculator--
point 1067G-B3--
Table BB--column
3--all amounts]
[Youth Allowance
Rate Calculator--
point 1067G-B4--
Table BC--column
3--all amounts]
YA MBR
$0.10
Note:
Amounts provided for in provisions listed in the table are amounts as
1
altered from time to time under Division 2 of this Part (CPI
2
indexation).
3
1206GH Increase of 1% on 1 July 2011
4
This Act has effect as if, on 1 July 2011, each base amount were
5
replaced by an amount (the replacement amount) worked out by:
6
(a) calculating the amount (the provisional replacement
7
amount) that is 1% greater than the base amount; and
8
(b) if the provisional replacement amount is not a multiple of the
9
rounding base for the base amount, rounding up or down to
10
the nearest multiple of the rounding base (rounding up if the
11
provisional replacement amount is not a multiple of the
12
rounding base but is a multiple of half the rounding base).
13
Note:
The 1% increase includes the Carbon Pollution Reduction Scheme's
14
estimated cost of living increase of 0.4% for the 2011-2012 financial
15
year, which has been brought forward. The change to the indexation
16
Assistance under the Social Security Act Schedule 1
Main amendments Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 7
factor on or after 20 March 2012 under section 1206GJ takes account
1
of this brought forward increase.
2
1206GI Increase of 1.8% on 1 July 2012
3
This Act has effect as if, on 1 July 2012, the base amount were
4
replaced by an amount (the replacement amount) worked out by:
5
(a) calculating the amount (the provisional replacement
6
amount) that is 1.8% greater than the base amount; and
7
(b) if the provisional replacement amount is not a multiple of the
8
rounding base for the base amount, rounding up or down to
9
the nearest multiple of the rounding base (rounding up if the
10
provisional replacement amount is not a multiple of the
11
rounding base but is a multiple of half the rounding base).
12
Note:
The 1.8% increase includes the Carbon Pollution Reduction Scheme's
13
estimated cost of living increase of 0.8% for the 2012-2013 financial
14
year, which has also been brought forward. The change to the
15
indexation factor on or after 20 March 2013 under section 1206GK
16
takes account of this second brought forward increase.
17
Subdivision C--Adjustment of indexation
18
1206GJ Special rules for indexation of some amounts on or after
19
20 March 2012
20
(1) An indexation factor worked out under section 1193 for each
21
indexation day that is:
22
(a) for AP MBR and YA MBR--on or after 1 January 2013; or
23
(b) for any other base amount to which Subdivision B applies--
24
on or after 20 March 2012;
25
is to be reduced by the brought forward indexation amount, but not
26
below 1.
27
(2) In this section:
28
brought forward indexation amount, in relation to a day, means
29
0.004 less any reduction made under this section for a previous
30
day.
31
Note:
Once the brought forward indexation amount becomes zero, there will
32
be no further reduction of the factor.
33
Example: Assume that the indexation factor worked out under section 1193 on
34
20 March 2012 is 1.003. The brought forward indexation amount in
35
Schedule 1 Assistance under the Social Security Act
Part 1 Main amendments
8 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
relation to 20 March 2012 is 0.004 (as there has been no previous
1
reduction). That indexation factor is reduced to 1 on 20 March 2012.
2
Further assume that on 20 September 2012 the indexation factor is
3
1.010. The brought forward indexation amount in relation to
4
20 September 2012 is 0.001. That indexation factor is reduced to
5
1.009 on 20 September 2012.
6
The brought forward indexation amount in relation to later indexation
7
days is now zero so there is no further reduction of the indexation
8
factor.
9
(3) This section affects the rate of a social security payment for a
10
person if, and only if, section 1206GH affected that rate for the
11
person.
12
1206GK Special rules for indexation of some amounts on or after
13
20 March 2013
14
(1) An indexation factor worked out under section 1193 for each
15
indexation day that is:
16
(a) for AP MBR and YA MBR--on or after 1 January 2014; or
17
(b) for any other base amount to which Subdivision B applies--
18
on or after 20 March 2013;
19
is to be reduced by the brought forward indexation amount, but not
20
below 1.
21
(2) In this section:
22
brought forward indexation amount, in relation to a day, means
23
0.008 less any reduction made under this section for a previous
24
day.
25
Note:
Once the brought forward indexation amount becomes zero, there will
26
be no further reduction of the factor.
27
Example: Assume that the indexation factor worked out under section 1193 on
28
20 March 2013 is 1.005. The brought forward indexation amount in
29
relation to 20 March 2013 is 0.008 (as there has been no previous
30
reduction). That indexation factor is reduced to 1 on 20 March 2013.
31
Further assume that on 20 September 2013 the indexation factor is
32
1.010. The brought forward indexation amount in relation to
33
20 September 2013 is 0.003. That indexation factor is reduced to
34
1.007 on 20 September 2013.
35
The brought forward indexation amount in relation to later indexation
36
days is now zero so there is no further reduction of the indexation
37
factor.
38
Assistance under the Social Security Act Schedule 1
Main amendments Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 9
(3) This section affects the rate of a social security payment for a
1
person if, and only if, section 1206GI affected that rate for the
2
person.
3
Subdivision D--Other provision for increases and adjustments
4
of indexation
5
1206GL Minister may provide for increases and adjustments
6
(1) The Minister may, by legislative instrument, provide for:
7
(a) increasing on 1 July 2011 and 1 July 2012 amounts that
8
affect the rates at which any of the following social security
9
payments are paid to recipients:
10
(i)
age
pension;
11
(ii)
bereavement
allowance;
12
(iii)
carer
payment;
13
(iv) disability support pension;
14
(v)
parenting
payment;
15
(vi) widow B pension;
16
(vii)
wife
pension;
17
(viii) payments of kinds specified under section 1206GM;
18
on account of the Carbon Pollution Reduction Scheme's
19
estimated cost of living increase; and
20
(b) changing the indexation under this Act after either or both of
21
those days of amounts that affect the rates at which any of the
22
payments described in paragraph (a) are paid to recipients of
23
payments increased as a result of that paragraph, to reflect
24
any inclusion in the increases of elements brought forward
25
from the Carbon Pollution Reduction Scheme's estimated
26
cost of living increase.
27
(2) The instrument has effect according to its terms, despite any other
28
provision of this Act.
29
(3) To avoid doubt, the instrument may provide for increasing an
30
amount affecting the rate of a payment described in
31
paragraph (1)(a) by an amount or percentage worked out by
32
reference to either or both of the following:
33
(a) the amount to be increased;
34
Schedule 1 Assistance under the Social Security Act
Part 1 Main amendments
10 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
(b) another amount affecting the rate at which the same or a
1
different kind of payment is made.
2
(4) To avoid doubt, the instrument may provide for changing the
3
indexation of an amount that affects the rate of a payment (the
4
affected payment) described in paragraph (1)(a), whether or not
5
that amount, or an amount affecting that payment, was increased as
6
a result of that paragraph, as long as the recipient of the affected
7
payment received a payment that was increased as a result of that
8
paragraph.
9
(5) Subsections (3) and (4) do not limit subsection (1).
10
Subdivision E--Extending scope of this Division
11
1206GM Other kinds of payments affected by this Division
12
(1) The Minister may, by legislative instrument, specify kinds of social
13
security payments in relation to which this Division applies.
14
Note:
For specification by class, see subsection 13(3) of the Legislative
15
Instruments Act 2003.
16
(2) Kinds of payments may be specified by reference to either or both
17
of the following:
18
(a) the persons to whom the payments are to be made;
19
(b) the circumstances in which the payments are to be made.
20
(3) Subsection (2) does not limit subsection (1).
21
1206GN Other amounts to which Subdivision B applies
22
(1) The Minister may, by legislative instrument, specify that
23
Subdivision B applies to a specified amount that affects the rate at
24
which a specified kind of social security payment is made.
25
Note 1:
For specification by class, see subsection 13(3) of the Legislative
26
Instruments Act 2003.
27
Note 2:
A specified kind of payment could be a kind of payment specified
28
under section 1206GM.
29
(2) If the Minister does so, the instrument must also specify a rounding
30
base for the amount for the purposes of sections 1206GH and
31
1206GI.
32
Assistance under the Social Security Act Schedule 1
Main amendments Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 11
(3) An amount may be specified by reference to the fact that it affects
1
the rate at which a specified kind of social security payment is
2
made to specified persons or in specified circumstances.
3
(4) An instrument made under subsection (1) may specify that
4
Subdivision B applies to an amount so far as it affects the rate at
5
which a specified kind of social security payment is made to
6
specified persons or in specified circumstances.
7
(5) Subsections (3) and (4) do not limit subsection (1).
8
(6) An instrument made under subsection (1) has effect according to
9
its terms.
10
11
Schedule 1 Assistance under the Social Security Act
Part 2 Transitional payment
12 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Part 2--Transitional payment
1
Division 1--Amendment of the social security law
2
Social Security Act 1991
3
3 Subsection 23(1)
4
Insert:
5
carbon pollution reduction transitional payment means a carbon
6
pollution reduction transitional payment under Part 2.28.
7
4 At the end of Chapter 2
8
Add:
9
Part 2.28--Carbon pollution reduction transitional
10
payment
11
12
1061ZAAX Availability of payments
13
(1) A carbon pollution reduction transitional payment is available to
14
qualified persons for each of the 2011-12 and 2012-13 income
15
years.
16
(2) A person cannot receive more than one carbon pollution reduction
17
transitional payment for an income year.
18
1061ZAAY When qualified for a payment
19
A person is qualified for a carbon pollution reduction transitional
20
payment for an income year if:
21
(a) the person satisfies each of the following for the year:
22
(i) the income requirement in section 1061ZAAZ;
23
(ii) the excluded payment requirement in
24
section 1061ZAAZA;
25
(iii) the remaining requirements in section 1061ZAAZB; and
26
(b) the person lodges a claim for the payment; and
27
(c) when the person lodges a claim for the payment, the person:
28
Assistance under the Social Security Act Schedule 1
Transitional payment Part 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 13
(i) is an Australian resident or a special category visa
1
holder residing in Australia; and
2
(ii) is in Australia; and
3
(iii) is not in gaol or a psychiatric institution.
4
1061ZAAZ Income requirement
5
(1)
The
person
(the
claimant) satisfies the income requirement for an
6
income year if the claimant's adjusted taxable income for the year
7
is less than:
8
(a) $30,000 if the claimant was not a member of a couple, and
9
did not have a dependent child, at the end of the year; or
10
(b)
$45,000
if:
11
(i) the claimant was a member of a couple at the end of the
12
year; and
13
(ii) neither the claimant, nor the claimant's partner at that
14
time, had a dependent child at that time; or
15
(c) $60,000 if the claimant had a dependent child at the end of
16
the year; or
17
(d) $60,000 if the claimant was a member of a couple at the end
18
of the year, and the claimant's partner at that time had a
19
dependent child at that time.
20
(2) In this section:
21
adjusted taxable income, for a person for an income year, is the
22
sum of:
23
(a) the person's adjusted taxable income (within the meaning of
24
the Family Assistance Act) for the year; and
25
(b) the superannuation benefits (within the meaning of the
26
Income Tax Assessment Act 1997) (if any) received by the
27
person in relation to the income year to the extent to which
28
those benefits are non-assessable non-exempt income (within
29
the meaning of that Act).
30
1061ZAAZA Excluded payment requirement
31
(1) The claimant satisfies the excluded payment requirement for an
32
income year if:
33
(a) there were at least 13 weeks during the year for which the
34
claimant:
35
Schedule 1 Assistance under the Social Security Act
Part 2 Transitional payment
14 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
(i) was not entitled to family tax benefit; and
1
(ii) did not receive any of the payments set out in
2
subsection (2); and
3
(b) for the claimant's partner (if any) at the end of the year--
4
there were at least 13 weeks during the year for which the
5
partner:
6
(i) was not entitled to family tax benefit; and
7
(ii) did not receive any of the payments set out in
8
subsection (2).
9
For the purposes of paragraph (b), it does not matter whether the
10
partner was the claimant's partner for a particular week.
11
(2) The payments are the following:
12
(a) an income support payment (other than income support
13
supplement);
14
(b) a social security payment;
15
(c) a payment under the ABSTUDY Scheme that included an
16
amount identified as living allowance;
17
(d) a payment under Part 5 or 6 of the Farm Household Support
18
Act 1992;
19
(e) a pension under Part II or IV of the Veterans' Entitlements
20
Act 1986;
21
(f) a weekly amount of compensation under Part 2 of Chapter 4,
22
or section 233, of the Military Rehabilitation and
23
Compensation Act;
24
(g) a Special Rate Disability Pension (within the meaning of
25
section 198 of the Military Rehabilitation and Compensation
26
Act);
27
(h) a payment under the Military Rehabilitation and
28
Compensation Act Education and Training Scheme worked
29
out by reference to the maximum basic rate of youth
30
allowance;
31
(i) a payment under the Veterans' Children Education Scheme
32
worked out by reference to the maximum basic rate of youth
33
allowance.
34
1061ZAAZB Remaining requirements
35
(1) The claimant satisfies the remaining requirements for an income
36
year if:
37
Assistance under the Social Security Act Schedule 1
Transitional payment Part 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 15
(a) the claimant was, at all times during the year, an Australian
1
resident or a special category visa holder residing in
2
Australia; and
3
(b) the claimant was in Australia for at least 39 weeks of the
4
year; and
5
(c) the claimant was not subject to a newly arrived resident's
6
waiting period at any time during the year; and
7
(d) the claimant was not a dependent child of another person for
8
more than 25 weeks of the year; and
9
(e) the claimant was not in gaol and/or psychiatric institutions
10
for more than 25 weeks of the year; and
11
(f) no person was eligible for family tax benefit in respect of the
12
claimant in relation to more than 25 weeks of the year; and
13
(g) if the claimant did not have a partner at the end of the year,
14
and the claimant received a rebate of tax for the year under
15
one or more of the following provisions of the Tax Act:
16
(i) section 159J in respect of a dependant included in class
17
1, 2, 5 or 6 of the table in subsection (2) of that section;
18
(ii) section 159L (housekeeper rebate);
19
(iii) section 159N (low income rebate);
20
the sum of the CPRS components for those rebates is less
21
than:
22
(iv) for the 2011-12 income year--$150; or
23
(v) for the 2012-13 income year--$280; and
24
(h)
if:
25
(i) the claimant had a partner at the end of the year; and
26
(ii) the claimant, and/or the claimant's partner, received a
27
rebate of tax for the year under one or more of the
28
provisions mentioned in paragraph (g);
29
the sum of the CPRS components for those rebates is less
30
than:
31
(iii) for the 2011-12 income year--$210; or
32
(iv) for the 2012-13 income year--$385.
33
(2) In this section:
34
CPRS component, for a rebate under a provision of the Tax Act,
35
means the part of the maximum amount of rebate allowable under
36
that provision that corresponds to the increases in that rebate
37
Schedule 1 Assistance under the Social Security Act
Part 2 Transitional payment
16 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
arising under Schedule 5 to the Carbon Pollution Reduction
1
Scheme Amendment (Household Assistance) Act 2009.
2
Tax Act means the Income Tax Assessment Act 1936.
3
1061ZAAZC Amount of payment
4
The amount of a carbon pollution reduction transitional payment
5
is:
6
(a) for the 2011-12 income year--$200; and
7
(b) for the 2012-13 income year--$550.
8
5 After section 1223ABAAB
9
Insert:
10
1223ABAAC Debts arising in respect of carbon pollution reduction
11
transitional payments
12
(1)
If:
13
(a) an individual has been paid a carbon pollution reduction
14
transitional payment because of a determination made under
15
Part 3 of the Administration Act; and
16
(b) after the payment was made to the individual, the
17
determination is or was (however described) changed,
18
revoked, set aside, or superseded by another determination;
19
and
20
(c) the decision to change, revoke, set aside or supersede the
21
determination is or was made for the reason, or for reasons
22
including the reason, that the individual knowingly made a
23
false or misleading statement, or knowingly provided false
24
information; and
25
(d) apart from that statement or information, the payment would
26
not have been paid to the individual;
27
the amount of the payment is a debt due to the Commonwealth by
28
the individual.
29
(2) Apart from section 1224AA, the other provisions of this Part under
30
which debts arise do not apply in relation to payments to which this
31
section applies.
32
6 Paragraph 1231(1AA)(b)
33
Assistance under the Social Security Act Schedule 1
Transitional payment Part 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 17
After "economic security strategy payment,", insert "carbon pollution
1
reduction transitional payment,".
2
Social Security (Administration) Act 1999
3
7 After section 18
4
Insert:
5
19 A couple's claims for carbon pollution reduction transitional
6
payment may be made together
7
If both a person and the person's partner claim for a carbon
8
pollution reduction transitional payment for an income year, the 2
9
claims may be made together in accordance with a form approved
10
by the Secretary for the purposes of this section.
11
8 After Subdivision FA of Division 1 of Part 3
12
Insert:
13
Subdivision FB--Time limit for claims for carbon pollution
14
reduction transitional payment
15
27B Time limit for claim
16
(1) A claim for a carbon pollution reduction transitional payment for
17
the 2011-12 income year must be lodged during the 2 year period
18
starting on 1 July 2012.
19
(2) A claim for a carbon pollution reduction transitional payment for
20
the 2012-13 income year must be lodged during the 2 year period
21
starting on 1 July 2013.
22
9 Subsection 47(1) (at the end of the definition of lump sum
23
benefit)
24
Add:
25
; or (k) carbon pollution reduction transitional payment.
26
10 After section 47C
27
Insert:
28
Schedule 1 Assistance under the Social Security Act
Part 2 Transitional payment
18 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
47D Payment of carbon pollution reduction transitional payment
1
If an individual is qualified for a carbon pollution reduction
2
transitional payment, the Secretary must pay the payment to the
3
individual in a single lump sum in such manner as the Secretary
4
considers appropriate.
5
11 Subdivision DB of Division 5 of Part 3B (heading)
6
Repeal the heading, substitute:
7
Subdivision DB--Other payments
8
12 At the end of Subdivision DB of Division 5 of Part 3B
9
Add:
10
123XPE Deductions from carbon pollution reduction transitional
11
payment
12
Scope
13
(1) This section applies if:
14
(a) a person is subject to the income management regime; and
15
(b) a carbon pollution reduction transitional payment is payable
16
to the person.
17
Deductions from carbon pollution reduction transitional payment
18
(2) The following provisions have effect:
19
(a) the Secretary must deduct from the carbon pollution
20
reduction transitional payment the deductible portion of the
21
payment;
22
(b) an amount equal to the deductible portion of the payment is
23
credited to the Special Account;
24
(c) an amount equal to the deductible portion of the payment is
25
credited to the person's income management account.
26
(3) For the purposes of subsection (2), the deductible portion of a
27
carbon pollution reduction transitional payment is 100% of the
28
amount of the payment.
29
Assistance under the Social Security Act Schedule 1
Transitional payment Part 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 19
Division 2--Other amendments
1
Income Tax Assessment Act 1997
2
13 Section 11-15 (table item headed "social security or like
3
payments")
4
After:
5
ABSTUDY scheme, payment under ................................... Subdivision 52-E
insert:
6
carbon pollution reduction transitional payment under
the Social Security Act 1991 ..........................................
52-10
14 At the end of subsection 52-10(1) (before the note)
7
Add:
8
; or (zb) carbon pollution reduction transitional payment under the
9
Social Security Act 1991.
10
15 After subsection 52-10(1J)
11
Insert:
12
(1K) Carbon pollution reduction transitional payment under the Social
13
Security Act 1991 is exempt from income tax.
14
15
Schedule 2 Assistance to families
20 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Schedule 2--Assistance to families
1
2
A New Tax System (Family Assistance) Act 1999
3
1 At the end of subclause 1(1) of Schedule 1
4
Add:
5
; and (c) the individual's FTB combined supplement calculated under
6
Part 6 (clauses 40 and 41).
7
2 At the end of Schedule 1
8
Add:
9
Part 6--FTB combined supplement
10
11
40 Eligibility for FTB combined supplement
12
An amount by way of FTB combined supplement is to be added in
13
working out an individual's annual rate of family tax benefit if:
14
(a) the individual's Part A rate is greater than nil; and
15
(b) the individual's Part B rate is greater than nil; and
16
(c) the individual's adjusted taxable income exceeds $60,000.
17
Note:
If the individual is a member of a couple, the individual's adjusted
18
taxable income is the higher of the individual's adjusted taxable
19
income and the adjusted taxable income of the individual's partner:
20
see clause 3 of Schedule 3.
21
41 Amount of FTB combined supplement
22
The amount of an individual's FTB combined supplement is
23
worked out as follows:
24
Method statement
25
Step 1. Work out the individual's adjusted taxable income
26
(rounded down to the nearest dollar).
27
Step 2. Reduce the amount worked out at step 1 by $60,000.
28
Assistance to families Schedule 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 21
Step 3. Multiply the amount worked out at step 2 by 0.04.
1
Step 4. For the 2011-12 income year, if the amount worked out at
2
step 3 is less than or equal to $240, the amount of the
3
individual's FTB combined supplement is the amount
4
worked out at step 3.
5
Step 5. For the 2011-12 income year, if the amount worked out at
6
step 3 is more than $240, the amount of the individual's
7
FTB combined supplement is $240.
8
Step 6. For the 2012-13 income year or a later income year, if the
9
amount worked out at step 3 is less than or equal to $680,
10
the amount of the individual's FTB combined supplement
11
is the amount worked out at step 3.
12
Step 7. For the 2012-13 income year or a later income year, if the
13
amount worked out at step 3 is more than $680, the
14
amount of the individual's FTB combined supplement is
15
$680.
16
3 Subclause 3(1) of Schedule 3
17
Omit "Part 4", substitute "Parts 4 and 6".
18
4 At the end of clause 3 of Schedule 3
19
Add:
20
(3) For the purposes of Part 6 of Schedule 1, if an individual is a
21
member of a couple, the individual's adjusted taxable income for
22
an income year is:
23
(a) the individual's adjusted taxable income for that year; or
24
(b) the adjusted taxable income for that year of the individual's
25
partner if it is more than the individual's adjusted taxable
26
income for that year.
27
5 Subclause 5(1) of Schedule 4
28
After "subclauses (2) and (3)", insert "and clauses 10 to 12".
29
6 Part 4 of Schedule 4 (heading)
30
Repeal the heading, substitute:
31
Schedule 2 Assistance to families
22 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Part 4--Transitional indexation provisions
1
7 At the end of Part 4 of Schedule 4
2
Add:
3
10 Increase in indexation factor for certain amounts on 1 July 2011
4
1% increase
5
(1) For the following amounts that are to be indexed under Part 2 of
6
this Schedule on 1 July 2011, the indexation factor worked out
7
under clause 5 for that day is to be increased by 0.01:
8
(a) FTB under 13 child rate (A1);
9
(b) FTB 13-15 child rate (A1);
10
(c) FTB gross supplement amount (A);
11
(d) FTB standard rate (B);
12
(e) FTB gross supplement amount (B).
13
Note:
The 1% increase includes the Carbon Pollution Reduction Scheme's
14
estimated cost of living increase of 0.4% for the 2011-2012 financial
15
year, which has been brought forward. The change to the indexation
16
factor for 1 July 2012 under clause 11 takes account of this brought
17
forward increase.
18
2.7% increase
19
(2) For the following amounts that are to be indexed under Part 2 of
20
this Schedule on 1 July 2011, the indexation factor worked out
21
under clause 5 for that day is to be increased by 0.027:
22
(a) FTB 16-24 child rate (A1), to the extent that it applies to
23
item 3 of the table in clause 7 of Schedule 1;
24
(b) FTB child rate (A2), to the extent that it applies to paragraph
25
26(2)(a) of Schedule 1;
26
(c) FTB ACO rate.
27
Note:
The 2.7% increase includes the Carbon Pollution Reduction Scheme's
28
estimated cost of living increase of 0.4% for the 2011-2012 financial
29
year, which has been brought forward. The change to the indexation
30
factor for 1 July 2012 under clause 11 takes account of this brought
31
forward increase.
32
Assistance to families Schedule 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 23
2.5% increase
1
(3) For the following amounts that are to be indexed under Part 2 of
2
this Schedule on 1 July 2011, the indexation factor worked out
3
under clause 5 for that day is to be increased by 0.025:
4
(a) FTB 16-24 child rate (A1), to the extent that it applies to
5
item 4 of the table in clause 7 of Schedule 1;
6
(b) FTB child rate (A2), to the extent that it applies to paragraph
7
26(2)(b) of Schedule 1.
8
Note:
The 2.5% increase includes the Carbon Pollution Reduction Scheme's
9
estimated cost of living increase of 0.4% for the 2011-2012 financial
10
year, which has been brought forward. The change to the indexation
11
factor for 1 July 2012 under clause 11 takes account of this brought
12
forward increase.
13
11 Increase in indexation factor for certain amounts on 1 July 2012
14
1.4% increase
15
(1) For the following amounts that are to be indexed under Part 2 of
16
this Schedule on 1 July 2012, the indexation factor worked out
17
under clause 5 for that day is to be increased by 0.014:
18
(a) FTB under 13 child rate (A1);
19
(b) FTB 13-15 child rate (A1);
20
(c) FTB gross supplement amount (A);
21
(d) FTB standard rate (B);
22
(e) FTB gross supplement amount (B).
23
Note:
The 1.4% increase is equal to a 1.8% increase less the 0.4% brought
24
forward increase under clause 10. The 1.4% increase includes the
25
Carbon Pollution Reduction Scheme's estimated cost of living
26
increase of 0.8% for the 2012-2013 financial year, which has also
27
been brought forward. Clause 12 deals with later reductions to the
28
indexation factor because of this second brought forward increase.
29
4.8% increase
30
(2) For the following amounts that are to be indexed under Part 2 of
31
this Schedule on 1 July 2012, the indexation factor worked out
32
under clause 5 for that day is to be increased by 0.048:
33
(a) FTB 16-24 child rate (A1), to the extent that it applies to
34
item 3 of the table in clause 7 of Schedule 1;
35
(b) FTB child rate (A2), to the extent that it applies to paragraph
36
26(2)(a) of Schedule 1;
37
Schedule 2 Assistance to families
24 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
(c) FTB ACO rate.
1
Note:
The 4.8% increase is equal to a 5.2% increase less the 0.4% brought
2
forward increase under clause 10. The 4.8% increase includes the
3
Carbon Pollution Reduction Scheme's estimated cost of living
4
increase of 0.8% for the 2012-2013 financial year, which has also
5
been brought forward. Clause 12 deals with later reductions to the
6
indexation factor because of this second brought forward increase.
7
4.5% increase
8
(3) For the following amounts that are to be indexed under Part 2 of
9
this Schedule on 1 July 2012, the indexation factor worked out
10
under clause 5 for that day is to be increased by 0.045:
11
(a) FTB 16-24 child rate (A1), to the extent that it applies to
12
item 4 of the table in clause 7 of Schedule 1;
13
(b) FTB child rate (A2), to the extent that it applies to paragraph
14
26(2)(b) of Schedule 1.
15
Note:
The 4.5% increase is equal to a 4.9% increase less the 0.4% brought
16
forward increase under clause 10. The 4.5% increase includes the
17
Carbon Pollution Reduction Scheme's estimated cost of living
18
increase of 0.8% for the 2012-2013 financial year, which has also
19
been brought forward. Clause 12 deals with later reductions to the
20
indexation factor because of this second brought forward increase.
21
12 Reduction in indexation factor for certain amounts on and after
22
1 July 2013
23
(1) For each amount covered by subclauses 11(1), (2) and (3), the
24
indexation factor, worked out under clause 5 for each indexation
25
day that is on or after 1 July 2013, is to be reduced by the brought
26
forward indexation amount, but not below 1.
27
(2) In this clause:
28
brought forward indexation amount, in relation to an indexation
29
day, means 0.008 less any reduction made under this clause for a
30
previous indexation day.
31
Note:
Once the brought forward indexation amount becomes zero, there will
32
be no further reduction of the indexation factor.
33
Example: Assume that the indexation factor worked out under clause 5 on 1 July
34
2013 is 1.005. The brought forward indexation amount in relation to
35
1 July 2013 is 0.008 (as there has been no previous reduction). That
36
indexation factor is reduced to 1 on 1 July 2013.
37
Assistance to families Schedule 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 25
Further assume that on 1 July 2014 the indexation factor is 1.010. The
1
brought forward indexation amount in relation to 1 July 2014 is 0.003.
2
That indexation factor is reduced to 1.007 on 1 July 2014.
3
The brought forward indexation amount in relation to later indexation
4
days is now zero so there is no further reduction of the indexation
5
factor.
6
A New Tax System (Family Assistance) (Administration) Act
7
1999
8
8 After paragraph 32A(2)(c)
9
Insert:
10
(ca) clause 40 of Schedule 1 to the Family Assistance Act;
11
Note:
The heading to section 32A is altered by omitting "and FTB Part B supplement" and
12
substituting ", FTB Part B supplement and FTB combined supplement".
13
9 Subparagraph 105A(2)(a)(iii)
14
Omit "and".
15
Note:
The heading to section 105A is altered by omitting "or FTB Part B supplement" and
16
substituting ", FTB Part B supplement or FTB combined supplement".
17
10 At the end of paragraph 105A(2)(a)
18
Add:
19
(iv) clause 40 of Schedule 1 to the Family Assistance Act;
20
and
21
22
Schedule 3 Assistance under the Veterans' Entitlements Act
Part 1 Main amendment
26 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Schedule 3--Assistance under the Veterans'
1
Entitlements Act
2
Part 1--Main amendment
3
Veterans' Entitlements Act 1986
4
1 Before section 199
5
Insert:
6
Division 5--Increases related to Carbon Pollution
7
Reduction Scheme
8
Subdivision A--Introduction
9
198P Objects of this Division
10
(1) The main object of this Division is to increase certain amounts that
11
affect the rate at which payments are made under this Act to certain
12
recipients of payments of the following kinds, on account of the
13
Carbon Pollution Reduction Scheme's estimated cost of living
14
increase:
15
(a)
disability
pensions;
16
(b) pensions payable to war widow/war widower-pensioners;
17
(c)
service
pensions;
18
(d) payments of kinds specified under section 198W.
19
(2) Another object of this Division is to adjust indexation of those
20
amounts after they are increased, to reflect the inclusion in the
21
increases of elements brought forward from the Carbon Pollution
22
Reduction Scheme's estimated cost of living increase.
23
Subdivision B--Increases in disability pension
24
198Q What this Subdivision applies to
25
This Subdivision applies to each amount (the base amount)
26
provided for in an item of the table in subsection 27(1) (about rate
27
of disability pension for war-caused injury or disease).
28
Assistance under the Veterans' Entitlements Act Schedule 3
Main amendment Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 27
Note:
Amounts provided for in the table are amounts as altered from time to
1
time under sections 198 and 198D (CPI indexation).
2
198R Increase of 1% on 1 July 2011
3
This Act has effect as if, on 1 July 2011, each base amount were
4
replaced by an amount worked out by:
5
(a) calculating the amount (the provisional replacement
6
amount) that is 1% greater than the base amount; and
7
(b) if the provisional replacement amount is not a multiple of 10
8
cents, rounding up or down to the nearest multiple of 10
9
cents (rounding up if the provisional replacement amount is a
10
multiple of 5 cents).
11
Note:
The 1% increase includes the Carbon Pollution Reduction Scheme's
12
estimated cost of living increase of 0.4% for the 2011-2012 financial
13
year, which has been brought forward. The change to the indexation
14
factor on or after 20 March 2012 under section 198T takes account of
15
this brought forward increase.
16
198S Increase of 1.8% on 1 July 2012
17
This Act has effect as if, on 1 July 2012, each base amount were
18
replaced by an amount worked out by:
19
(a) calculating the amount (the provisional replacement
20
amount) that is 1.8% greater than the base amount; and
21
(b) if the provisional replacement amount is not a multiple of 10
22
cents, rounding up or down to the nearest multiple of 10
23
cents (rounding up if the provisional replacement amount is a
24
multiple of 5 cents).
25
Note:
The 1.8% increase includes the Carbon Pollution Reduction Scheme's
26
estimated cost of living increase of 0.8% for the 2012-2013 financial
27
year, which has also been brought forward. The change to the
28
indexation factor on or after 20 March 2013 under section 198U takes
29
account of this second brought forward increase.
30
Subdivision C--Adjustment of indexation of disability pension
31
198T Special rules for indexation on or after 20 March 2012
32
(1) A factor worked out under subsection 198(5) or 198D(5), for
33
indexation on a day that is on or after 20 March 2012 of an amount
34
to which Subdivision B applies, is to be reduced by the brought
35
forward indexation amount, but not below 1.
36
Schedule 3 Assistance under the Veterans' Entitlements Act
Part 1 Main amendment
28 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
(2) In this section:
1
brought forward indexation amount, in relation to a day, means
2
0.004 less any reduction made under this section for a previous
3
day.
4
Note:
Once the brought forward indexation amount becomes zero, there will
5
be no further reduction of the factor.
6
Example: Assume that the factor worked out under subsection 198D(5) on
7
20 March 2012 is 1.003. The brought forward indexation amount in
8
relation to 20 March 2012 is 0.004 (as there has been no previous
9
reduction). That factor is reduced to 1 on 20 March 2012.
10
Further assume that on 20 September 2012 the factor worked out
11
under subsection 198D(5) is 1.010. The brought forward indexation
12
amount in relation to 20 September 2012 is 0.001. That factor is
13
reduced to 1.009 on 20 September 2012.
14
The brought forward indexation amount in relation to later indexation
15
days is now zero so there is no further reduction of the factor.
16
198U Special rules for indexation on or after 20 March 2013
17
(1) A factor worked out under subsection 198(5) or 198D(5), for
18
indexation on a day that is on or after 20 March 2013 of an amount
19
to which Subdivision B applies, is to be reduced by the brought
20
forward indexation amount, but not below 1.
21
(2) In this section:
22
brought forward indexation amount, in relation to a day, means
23
0.008 less any reduction made under this section for a previous
24
day.
25
Note:
Once the brought forward indexation amount becomes zero, there will
26
be no further reduction of the factor.
27
Example: Assume that the factor worked out under subsection 198D(5) on
28
20 March 2013 is 1.005. The brought forward indexation amount in
29
relation to 20 March 2013 is 0.008 (as there has been no previous
30
reduction). That factor is reduced to 1 on 20 March 2013.
31
Further assume that on 20 September 2013 the factor worked out
32
under subsection 198D(5) is 1.010. The brought forward indexation
33
amount in relation to 20 September 2013 is 0.003. That factor is
34
reduced to 1.007 on 20 September 2013.
35
The brought forward indexation amount in relation to later indexation
36
days is now zero so there is no further reduction of the factor.
37
Assistance under the Veterans' Entitlements Act Schedule 3
Main amendment Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 29
Subdivision D--Other provision for increases and adjustments
1
of indexation
2
198V Minister may provide for increases and adjustments
3
(1) The Minister may, by legislative instrument, provide for:
4
(a) increasing on 1 July 2011 and 1 July 2012 the following
5
amounts on account of the Carbon Pollution Reduction
6
Scheme's estimated cost of living increase:
7
(i) amounts that affect rates at which disability pension is
8
paid, except amounts to which Subdivision B applies;
9
(ii) amounts that affect rates at which pensions payable to
10
war widow/war widower-pensioners or payments of
11
kinds specified under section 198W are paid for a day to
12
war widow/war widower-pensioners;
13
(iii) amounts that affect rates at which service pensions or
14
payments of kinds specified under section 198W are
15
paid for a day to recipients of service pensions; and
16
(b) changing the indexation under this Act, after either or both of
17
1 July 2011 and 1 July 2012, of amounts that affect rates at
18
which any of the payments (including pensions) described in
19
subparagraph (1)(a)(i), (ii) or (iii) are paid to recipients of
20
payments increased as a result of that subparagraph, to reflect
21
any inclusion in the increases of elements brought forward
22
from the Carbon Pollution Reduction Scheme's estimated
23
cost of living increase.
24
(2) The instrument has effect according to its terms, despite any other
25
provision of this Act.
26
(3) To avoid doubt, the instrument may provide for increasing an
27
amount described in paragraph (1)(a) by an amount or percentage
28
worked out by reference to either or both of the following:
29
(a) the amount to be increased;
30
(b) another amount affecting the rate at which the same or a
31
different kind of payment is made.
32
(4) To avoid doubt, the instrument may provide for changing the
33
indexation of an amount that affects the rate of a payment (the
34
affected payment) described in subparagraph (1)(a)(i), (ii) or (iii)
35
(including a pension), whether or not that amount, or an amount
36
Schedule 3 Assistance under the Veterans' Entitlements Act
Part 1 Main amendment
30 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
affecting that payment, was increased as a result of that
1
subparagraph, as long as the recipient of the affected payment
2
received a payment that was increased as a result of that
3
subparagraph.
4
(5) Subsections (3) and (4) do not limit subsection (1).
5
Subdivision E--Extending scope of this Division
6
198W Other kinds of payments affected by this Division
7
(1) The Minister may, by legislative instrument, specify kinds of
8
payments under this Act in relation to which this Division applies.
9
Note:
For specification by class, see subsection 13(3) of the Legislative
10
Instruments Act 2003.
11
(2) Kinds of payments may be specified by reference to either or both
12
of the following:
13
(a) the persons to whom the payments are to be made;
14
(b) the circumstances in which the payments are to be made.
15
(3) Subsection (2) does not limit subsection (1).
16
Division 6--Appropriation
17
18
Assistance under the Veterans' Entitlements Act Schedule 3
Related amendments Part 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 31
Part 2--Related amendments
1
Division 1--Amendments whose commencement
2
depends on another Act
3
Veterans' Entitlements Act 1986
4
2 Before section 197A
5
Insert:
6
Division 1--Saving and transitional provisions
7
3 Before section 197
8
Insert:
9
Division 2--Limits on scope of this Act
10
4 Before section 198
11
Insert:
12
Division 3--Indexation and some one-off increases
13
5 At the end of subsection 198(5)
14
Add:
15
Note:
On and after 20 March 2013, the factor may be affected by
16
section 198U.
17
6 At the end of subsection 198D(5)
18
Add:
19
Note:
On and after 20 March 2013, the factor may be affected by
20
section 198U.
21
7 Before section 200
22
Insert:
23
Division 7--Provisions about the Commission
24
8 Before section 203
25
Schedule 3 Assistance under the Veterans' Entitlements Act
Part 2 Related amendments
32 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
Insert:
1
Division 8--International arrangements
2
9 Before section 205
3
Insert:
4
Division 9--Overpayments and debts
5
10 Before section 208
6
Insert:
7
Division 10--Offences and evidence
8
11 Before section 212
9
Insert:
10
Division 11--Administration
11
12 Before section 216
12
Insert:
13
Division 12--Regulations
14
Division 2--Amendment whose commencement depends
15
on 2 other Acts
16
Veterans' Entitlements Act 1986
17
13 Before section 198N
18
Insert:
19
Division 4--Termination of certain pension
20
21
Assistance under the Military Rehabilitation and Compensation Act Schedule 4
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 33
Schedule 4--Assistance under the Military
1
Rehabilitation and Compensation Act
2
3
Military Rehabilitation and Compensation Act 2004
4
1 Subsection 404(3)
5
Omit "The", substitute "Subject to sections 404A to 404C, the".
6
2 At the end of Part 1 of Chapter 11
7
Add:
8
404A 1% increase in indexation factor for permanent impairment
9
compensation on 1 July 2011
10
For the indexation year commencing on 1 July 2011 and for the
11
dollar amount mentioned in subsection 74(1), the indexation factor
12
worked out under section 404 for that year is to be increased by
13
0.01.
14
Note:
The 1% increase includes the Carbon Pollution Reduction Scheme's
15
estimated cost of living increase of 0.4% for the 2011-2012 financial
16
year, which has been brought forward. The change to the indexation
17
factor for 1 July 2012 under section 404B takes account of this
18
brought forward increase.
19
404B 1.4% increase in indexation factor for permanent impairment
20
compensation on 1 July 2012
21
For the indexation year commencing on 1 July 2012 and for the
22
dollar amount mentioned in subsection 74(1), the indexation factor
23
worked out under section 404 for that year is to be increased by
24
0.014.
25
Note:
The 1.4% increase is equal to a 1.8% increase less the 0.4% brought
26
forward increase under section 404A. The 1.4% increase includes the
27
Carbon Pollution Reduction Scheme's estimated cost of living
28
increase of 0.8% for the 2012-2013 financial year, which has also
29
been brought forward. Section 404C deals with later reductions to the
30
indexation factor because of this second brought forward increase.
31
Schedule 4 Assistance under the Military Rehabilitation and Compensation Act
34 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
404C Reduction in indexation factor for permanent impairment
1
compensation on and after 1 July 2013
2
(1) For the dollar amount mentioned in subsection 74(1), the
3
indexation factor, worked out under section 404 for each
4
indexation year that commences on or after 1 July 2013, is to be
5
reduced by the brought forward indexation amount, but not below
6
1.
7
(2) In this section:
8
brought forward indexation amount, in relation to an indexation
9
year, means 0.008 less any reduction made under this section for a
10
previous indexation year.
11
Note:
Once the brought forward indexation amount becomes zero, there will
12
be no further reduction of the indexation factor.
13
Example: Assume that the indexation factor worked out under section 404 on
14
1 July 2013 is 1.005. The brought forward indexation amount in
15
relation to 1 July 2013 is 0.008 (as there has been no previous
16
reduction). That indexation factor is reduced to 1 on 1 July 2013.
17
Further assume that on 1 July 2014 the indexation factor is 1.010. The
18
brought forward indexation amount in relation to 1 July 2014 is 0.003.
19
That indexation factor is reduced to 1.007 on 1 July 2014.
20
The brought forward indexation amount in relation to later indexation
21
years is now zero so there is no further reduction of the indexation
22
factor.
23
24
Assistance under the tax law Schedule 5
Amendments relating to the 2011-12 year of income Part 1
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 35
Schedule 5--Assistance under the tax law
1
Part 1--Amendments relating to the 2011-12 year of
2
income
3
Income Tax Assessment Act 1936
4
1 Subsection 159HA(1)
5
Omit "Sections", substitute "Subject to subsection (1A), sections".
6
2 After subsection 159HA(1)
7
Insert:
8
(1A) Increase the amount worked out under the formula by $60 if:
9
(a) the indexing year of income is the 2011-12 year of income;
10
and
11
(b) the indexable amount being replaced is specified in
12
paragraph (a) or (b) of the definition of indexable amount in
13
subsection (7).
14
3 Subsection 159N(1)
15
Omit "$67,500", substitute "$71,250".
16
4 Subsection 159N(2)
17
Omit "$1,500", substitute "$1,650".
18
Medicare Levy Act 1986
19
5 Subsection 3(1) (paragraph (a) of the definition of phase-in
20
limit)
21
Omit "$36,100", substitute "$37,028".
22
6 Subsection 3(1) (paragraph (a) of the definition of threshold
23
amount)
24
Omit "$30,685", substitute "$31,474".
25
7 Subsection 8(7)
26
Omit "$44,500", substitute "$45,000".
27
Schedule 5 Assistance under the tax law
Part 1 Amendments relating to the 2011-12 year of income
36 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
8 Application
1
The amendments made by this Part apply to assessments for:
2
(a) the 2011-12 year of income; and
3
(b) later years of income.
4
5
Assistance under the tax law Schedule 5
Amendments relating to the 2012-13 and later years of income Part 2
Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 No. ,
2009 37
Part 2--Amendments relating to the 2012-13 and
1
later years of income
2
Income Tax Assessment Act 1936
3
9 Subsection 159HA(1)
4
Omit "subsection (1A)", substitute "subsections (1A) and (1B)".
5
10 After subsection 159HA(1A)
6
Insert:
7
(1B) Increase the amount worked out under the formula by $105 if:
8
(a) the indexing year of income is the 2012-13 year of income;
9
and
10
(b) the indexable amount being replaced is specified in
11
paragraph (a) or (b) of the definition of indexable amount in
12
subsection (7).
13
11 Subsection 159N(1)
14
Omit "$71,250", substitute "$78,250".
15
12 Subsection 159N(2)
16
Omit "$1,650", substitute "$1,930".
17
Medicare Levy Act 1986
18
13 Subsection 3(1) (paragraph (a) of the definition of phase-in
19
limit)
20
Omit "$37,028", substitute "$38,762".
21
14 Subsection 3(1) (paragraph (a) of the definition of
22
threshold amount)
23
Omit "$31,474", substitute "$32,948".
24
15 Subsection 8(7)
25
Omit "$45,000", substitute "$46,500".
26
16 Application
27
Schedule 5 Assistance under the tax law
Part 2 Amendments relating to the 2012-13 and later years of income
38 Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009
No. , 2009
The amendments made by this Part apply to assessments for:
1
(a) the 2012-13 year of income; and
2
(b) later years of income.
3
4

 

[Index] [Search] [Download] [Related Items] [Help]