Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2014: revoked, on 1 April 2015, by regulation 5 of the Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2015 (LI 2015/31).

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry of Social Development.

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.

1	Title
2	Commencement
3	Principal regulations
4	Regulation 21 amended (Payments declared not to be income)
5	Consequential revocation
	Explanatory note
	Gazette Information
	Reprint notes

Regulations

1 Title

These regulations are the Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2014.

2 Commencement

These regulations come into force on 1 April 2014.

3 Principal regulations

These regulations amend the Social Security (Income and Cash Assets Exemptions) Regulations 2011 (the principal regulations).

4 Regulation 21 amended (Payments declared not to be income)

(1)

In regulation 21(2)(a)(iv), replace “; and” with “:”.

(2)

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

(v)

payments received on or after 1 April 2014 but before the close of 31 March 2015, $3.40 per hour; and

5 Consequential revocation

The Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2013 (SR 2013/21) are consequentially revoked.

Michael Webster,
for 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 2014, 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 $3.40 per hour are used for the year 1 April 2014 to 31 March 2015 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 2013 to 31 March 2014 reflects a 1.38% increase in the New Zealand Consumers Price Index from the December 2012 quarter to the December 2013 quarter (calculated using the 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: 27 February 2014.

Reprints notes

1 General

This is a reprint of the Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2014 that incorporates all the amendments to those regulations as at the date of the last amendment to them.

2 Legal status

Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.

3 Editorial and format changes

Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.

4 Amendments incorporated in this reprint

Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2015 (LI 2015/31): regulation 5

Social Security (Income and Cash Assets Exemptions) Amendment Regulations 2014