Proposed amendments to SOP No 25
Hon Carmel Sepuloni, in Committee, to move the following amendments:
Clause 402
After clause 402(2) (page 231), insert:
(3)
For the purposes of regulations made under subsection (1)(f), the following must be treated as $1 a week of income:
(a)
every $100 of cash assets over $5,400 held by—
(i)
a person who is in a relationship; or
(ii)
a single person who has a dependent child or children; and
(b)
every $100 of cash assets over $2,700 held by any other person.
In clause 402, compare note, after “61E,”
(page 231), insert “61EC(2),”
.
Clause 421
Delete clause 421(2)(a), (3), and (4) (pages 248 and 249).
Replace clause 421(2)(f) (page 248) with:
(f)
provide for apportionment, between a beneficiary and spouse or partner, of all or any of the following (other than benefits specified in subsection (5)):
(i)
a benefit payable at a rate prescribed for a person who is in a relationship (a couple rate):
(ii)
any other benefits payable under this Act:
Clause 431
After clause 431(2)(a) (page 256), insert:
(aa)
section 402(3)(a) and (b) (cash assets treated as income for required income-based reductions to the assessed base rate amount of accommodation supplement):
In clause 431(3)(a), after “cash assets test,”
(page 257), insert “the cash assets thresholds specified in section 402(3)(a) and (b),”
.
Schedule 2
In Schedule 2, definition of income, before paragraph (a) (page 338), insert:
(aaa)
section 402(3), which requires specified amounts of cash assets to be treated as specified amounts of income for the purposes of regulations made under section 402(1)(f), providing for required income-based reductions to the assessed base rate amount of accommodation supplement:
(aab)
regulations made under section 403(2)(d), defining the kinds of income, benefits, credits, and receipts to be treated as income for the purposes of subpart 10 of Part 2 (childcare assistance):
Schedule 12
In Schedule 12, Part A, item relating to section 61EC, after “65,”
(page 457), insert “402,”
.
In Schedule 12, Part C, item relating to clause 402, after “61E,”
(page 479), insert “61EC(2),”
.