1998-1999-2000-2001
   The Parliament of the
   Commonwealth of Australia
   HOUSE OF REPRESENTATIVES
   Presented and read a first time
   Family and Community Services Legislation Amendment (One-off Payment to
   the Aged) Bill 2001
   No. , 2001
   (Family and Community Services)
   A Bill for an Act to provide a one-off payment to the aged, and for
   related purposes
   ISBN: 0642 457840

   Contents

   Income Tax Assessment Act 1997 3

   Social Security Act 1991 3

   Social Security (Administration) Act 1999 4

   A Bill for an Act to provide a one-off payment to the aged, and for
   related purposes

   The Parliament of Australia enacts:

      1 Short title

   This Act may be cited as the Family and Community Services Legislation
   Amendment (One-off Payment to the Aged) Act 2001.

      2 Commencement

   This Act commences on the day on which it receives the Royal Assent.

      3 Schedule(s)

   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   repealed as set out in the applicable items in the Schedule concerned,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--Amendments

   Income Tax Assessment Act 1997

   1 Subsection 52-10(1)

   After "pension bonus", insert "or one-off payment to the aged".

   2 After subsection 52-10(1A)

   Insert:

   (1B) One-off payment to the aged under Part 2.2B of the Social Security
   Act 1991 is exempt from income tax.

   Social Security Act 1991

   3 After subparagraph 8(8)(y)(i)

   Insert:

   (ia) one-off payment to the aged under regulations made under the
   Veterans' Entitlements Act; or

   4 After paragraph 8(8)(y)

   Insert:

   (ya) a payment made by the Commonwealth and known as the one-off
   payment to the aged; or

   5 After Part 2.2A

   Insert:

Part 2.2B--One-off payment to the aged

      93X One-off payment to the aged

   (1) A person is qualified for one-off payment to the aged if:

   (a) the person has reached pension age on or before 22 May 2001; and

   (b) a social security pension or a social security benefit is payable
   to the person on 22 May 2001; and

   (c) the person is not:

   (i) a veteran of pension age who is eligible to be paid an age service
   pension, or an invalidity service pension, under the Veterans'
   Entitlements Act on 22 May 2001; or

   (ii) a person (other than a veteran of pension age) who is eligible to
   be paid a partner service pension, or income support supplement, under
   the Veterans' Entitlements Act on 22 May 2001; or

   (iii) a person of pension age who is in receipt of a pension described
   in subsection 4(6) of the Veterans' Entitlements (Transitional
   Provisions and Consequential Amendments) Act 1986; or

   (iv) a person who, under the ABSTUDY Scheme, has received a one-off
   payment to the aged.

   (2) The amount of the one-off payment to the aged is a one-off payment
   of $300.

   Social Security (Administration) Act 1999

   6 After section 12

   Insert:

      12A One-off payment to the aged

   A claim is not required for one-off payment to the aged.

   7 After paragraph 47(1)(f)

   Insert:

   (g) one-off payment to the aged; or

   8 After section 47

   Insert:

      47A Payment of one-off payment to the aged

   One-off payment to the aged is to be paid to a person on the date that
   is determined by the Secretary to be the earliest date on which it is
   reasonably practicable for the payment to be made to the person.