Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2015

2015/31

Coat of Arms of New Zealand

Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2015

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 23rd day of February 2015

Present:
The Right Hon John Key presiding in Council

Pursuant to sections 132 and 132AA of the Social Security Act 1964, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Regulations

1 Title
  • These regulations are the Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2015.

2 Commencement
  • These regulations come into force on 1 April 2015.

3 Principal regulations
4 Regulation 21 amended (Payments declared not to be income)
  • (1) In regulation 21(2)(a)(v), replace ; and with :.

    (2) After regulation 21(2)(a)(v), insert:

    • (vi) payments received on or after 1 April 2015 but before the close of 31 March 2016, $3.42 per hour; and.

Michael Webster,
Clerk of the Executive Council.


Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 April 2015, amend the Social Security (Income and Cash Assets Exemptions) Regulations 2011 (the principal regulations).

Regulation 4 amends regulation 21(2)(a) of the principal regulations to add that payments of $3.42 per hour are used for the year 1 April 2015 to 31 March 2016 to calculate the maximum income exemption for home-based education and care of a child. The increase from the per-hour payment applicable in the year 1 April 2014 to 31 March 2015 reflects a 0.51% increase in the New Zealand Consumers Price Index from the December 2013 quarter to the December 2014 quarter (calculated for all quarters using the New Zealand Consumers Price Index (All Groups), excluding cigarettes and other tobacco products).


Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 26 February 2015.

These regulations are administered by the Ministry of Social Development.