Summary
Amends: the Social Security Act 1991 to: extend and simplify the ordinary waiting period for all working age payments from 1 July 2015; extend youth allowance (other) to 22 to 24 year olds in lieu of newstart allowance and sickness allowance from 1 July 2016; provide for a four-week waiting period for certain persons aged under 25 years applying for youth allowance (other) or special benefit from 1 July 2016; and pause indexation on certain income free and income test free areas and thresholds for three years; the Social Security Act 1991 and Social Security (Administration) Act 1999 to cease the low income supplement from 1 July 2017; and four Acts to make consequential amendments.