Family and Community Services and Veterans' Affairs Legislation Amendment (Further Assistance for Older Australians) Act 2001 (Cth)
Contents
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The Parliament of Australia enacts:
This Act may be cited as the
Family and Community Services and Veterans’ Affairs Legislation Amendment (Further Assistance for Older Australians) Act 2001 .
(1) This Act (other than Schedule 2) commences on 1 July 2001.
(2) Schedule 2 commences on 1 September 2001.
Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1 — Beneficial treatment of superannuation assets for people aged between 55 and pension age
Omit “, (7A)”.
Repeal the subsections (including the notes).
Insert:
(b) any return on a person’s investment in:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a deferred annuity; or
(iv) an ATO small superannuation account;
until the person:
(v) reaches pension age; or
(vi) starts to receive a pension or annuity out of the fund;
Omit “by persons who are neither prescribed pre‑pension age persons nor persons who have reached pension age”, substitute “before pension age is reached”.
Omit “by persons who are neither prescribed pre‑pension age persons nor persons who have reached pension age”, substitute “before pension age is reached”.
Omit “by persons who are neither prescribed pre‑pension age persons nor persons who have reached pension age”, substitute “before pension age is reached”.
Omit “by persons who are neither prescribed pre‑pension age persons nor persons who have reached pension age”, substitute “before pension age is reached”.
Omit “is not a prescribed pre‑pension age person and has not yet turned”, substitute “has not yet reached”.
Omit “is not a prescribed pre‑pension age person and has not yet turned”, substitute “has not yet reached”.
Omit “is not a prescribed pre‑pension age person and has not yet turned”, substitute “has not yet reached”.
Omit “is not a prescribed pre‑pension age person and has not yet turned”, substitute “has not yet reached”.
Repeal the note.
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Subsection 23(1) (definition of prescribed pre‑pension age person ) Repeal the definition.
Omit “is not a prescribed pre‑pension age person and has not reached pension age”, substitute “has not turned 55”.
Repeal the notes.
Add:
(2) However, if the person turns 55 before the end of the period of 12 months, this section does not apply to the person in relation to:
(a) the week, during that period, in which the person turns 55; and
(b) any later weeks during that period.
Insert:
(f) the value of the person’s investment in:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a deferred annuity; or
(iv) an ATO small superannuation account;
until the person:
(v) reaches pension age; or
(vi) starts to receive a pension or annuity out of the fund;
Repeal the section (including the note).
Insert:
(4A) A person is qualified for a telephone allowance if:
(a) either:
(i) the person is the holder of a seniors health card; or
(ii) the person is temporarily absent from Australia for a continuous period not exceeding 26 weeks and was the holder of a seniors health card immediately before leaving Australia; and
(b) the person is a telephone subscriber.
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Subsection 1061S(1) (cell at table item 2, column 2) Repeal the cell, substitute:
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3 Subsection 1061S(1) (cell at table item 3, column 2) Repeal the cell, substitute:
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4 Subsection 1061S(1) (cell at table item 4, column 2) Repeal the cell, substitute:
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5 Subsection 1061S(1) (cell at table item 5, column 2) Repeal the cell, substitute:
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Insert:
(3A) For the purposes of working out a person’s rate of telephone allowance under subsection (1), the person’s partner is taken to be the holder of a seniors health card if the partner:
(a) is temporarily absent from Australia for a continuous period not exceeding 26 weeks; and
(b) was the holder of a seniors health card immediately before leaving Australia.
Repeal the subsection and insert:
(4) In this section:
telephone allowance payday means:
(a) for a person who is qualified for telephone allowance otherwise than under subsection 1061Q(4A)—the first day on which an instalment of a social security periodic payment would normally be paid to the person on or after any of the following:
(i) 1 January;
(ii) 20 March;
(iii) 1 July;
(iv) 20 September; and
(b) for a person who is qualified for telephone allowance under subsection 1061Q(4A)—any of the following:
(i) 1 January;
(ii) 20 March;
(iii) 1 July;
(iv) 20 September;
or the first working day after that day if that day is not a working day.
working day means a day other than:
(a) a Saturday; or
(b) a Sunday; or
(c) a day that is a public holiday or bank holiday in Canberra or Sydney.
Insert:
(3AA) A person is eligible for a telephone allowance if:
(a) either:
(i) the person is the holder of a seniors health card; or
(ii) the person is absent from Australia and was the holder of a seniors health card immediately before leaving Australia; and
(b) the person is a telephone subscriber.
Omit “and (3)”, substitute “, (3) and (4)”.
Add:
(4) The rate of telephone allowance for a person is half the amount of the rate specified in subsection (1) if:
(a) the person is the holder of a seniors health card; and
(b) the person is a member of a couple; and
(c) the person’s partner is receiving a telephone allowance under:
(i) this Act; or
(ii) the Social Security Act; and
(d) the person is living with the person’s partner in the same home.
Schedule 3 — Increase in income limits for seniors health card
Repeal the table (including the notes), substitute:
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Repeal the table, substitute:
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Note 1: For
member of couple andpartnered , see section 5E.Note 2: For
illness separated couple andrespite care couple , see section 5R.Note 3: For
dependent child , see section 5F.
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