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).
Date of notification in Gazette: 26 February 2015.
These regulations are administered by the Ministry of Social Development.