Today they have also introduced the following bill (called SOCIAL SERVICES AND OTHER LEGISLATION AMENDMENT (2014 BUDGET MEASURES NO. 2) BILL 2014)
1. Implement the following changes to Australian Government payments:
> from 1 January 2015 – pause indexation for three years of the income free areas and assets value limits for student payments, including the student income bank limits;
> from 1 July 2017 – pause indexation for three years of the income and assets test free areas for all pensioners (other than parenting payment single) and the deeming thresholds for all income support payments;
> from 20 September 2017 – ensure all pensions are indexed to the Consumer Price Index only, by removing:
o benchmarking to Male Total Average Weekly Earnings;
o indexation to the Pensioner and Beneficiary Living Cost Index;
> from 20 September 2017 – reset the social security and veterans’ entitlements income test deeming thresholds to $30,000 for single income support recipients, $50,000 combined for pensioner couples, and $25,000 for a member of a couple other than a pensioner couple.
2. Generally limit the overseas portability period for disability support pension to 28 days in a 12-month period from 1 January 2015.
3. Exclude from the social security and veterans’ entitlements income test any payments made under the new Young Carer Bursary Programme from 1 January 2015.
4. Include untaxed superannuation income in the assessment for the Commonwealth Seniors Health Card (with products purchased before 1 January 2015 by existing cardholders exempt from the new arrangements), and extend from six to 19 weeks the portability period for cardholders.
5. From 1 January 2015, remove relocation scholarship assistance for students relocating within and between major cities.
6. Cease pensioner education supplement from 1 January 2015.
7. Cease the education entry payment from 1 January 2015.
8. From 1 January 2015, extend youth allowance (other) to 22 to 24 year olds in lieu of newstart allowance and sickness allowance.
9. Require young people with full capacity to learn, earn or Work for the Dole from 1 January 2015.
10. Implement the following family payment reforms from 1 July 2015:
> limit the family tax benefit Part A large family supplement to families with four or more children;
> remove the family tax benefit Part A per-child add-on to the higher income free area for each additional child after the first;
> revise the family tax benefit end-of-year supplements to their original values and cease indexation;
> improve targeting of family tax benefit Part B by reducing the primary earner income limit from $150,000 a year to $100,000 a year;
> limit family tax benefit Part B to families with children under six years of age, with transitional arrangements applying to current recipients with
children above the new age limit for two years; and
> introduce a new allowance for single parents on the maximum rate of
family tax benefit Part A for each child aged six to 12 years inclusive, and not receiving family tax benefit Part B.
11. Increase the qualifying age for age pension, and the non-veteran pension age, to 70, increasing by six months every two years and starting on 1 July 2025.
12. From 1 January 2015, remove the three months’ backdating of disability pension under the Veterans’ Entitlements Act 1986.
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