Social Security (Long-term Residential Care) Amendment Regulations (No 3) 2018

2018/79

Coat of Arms of New Zealand

Social Security (Long-term Residential Care) Amendment Regulations (No 3) 2018

Patsy Reddy, Governor-General

Order in Council

At Wellington this 21st day of May 2018

Present:
Her Excellency the Governor-General in Council

These regulations are made under section 155 of the Social Security Act 1964 on the advice and with the consent of the Executive Council.

Regulations

1 Title

These regulations are the Social Security (Long-term Residential Care) Amendment Regulations (No 3) 2018.

2 Commencement

These regulations come into force on 1 July 2018.

3 Principal regulations

These regulations amend the Social Security (Long-term Residential Care) Regulations 2005 (the principal regulations).

4 Regulation 9 amended (Allowable gifts)

In regulation 9(1)(b)(i), replace “$6,000” with “$6,500”.

5 Regulation 9A amended (Gift in recognition of care)

(1)

In regulation 9A(1), replace “$30,000” with “$32,500”.

(2)

In regulation 9A(2)(d), replace “$6,000” with “$6,500”.

(3)

In regulation 9A(2)(e), replace “$30,000” with “$32,500”.

6 Consequential revocation

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 July 2018, amend the Social Security (Long-term Residential Care) Regulations 2005 (the principal regulations) by increasing the amounts that are allowed to be gifted under regulations 9 and 9A of the principal regulations during a gifting period without affecting the financial means assessment under section 146 of the Social Security Act 1964.

These adjustments are made because a Cabinet decision in 2004 was taken that the allowable gifting level be reviewed annually for adjustment in line with the New Zealand Consumers Price Index, and that the adjustments occur in $500 increments.

These regulations also revoke the Social Security (Long-term Residential Care) Amendment Regulations (No 3) 2011, which are superseded.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 24 May 2018.

These regulations are administered by the Ministry of Social Development.