Summary
Amends the: Social Security Act 1991, Veterans’ Entitlements Act 1986 and Social Services and Other Legislation Amendment (2014 Budget Measures No. 6) Act 2014 to increase the assets test free areas and the taper rate by which a pension is reduced once the free areas are exceeded from 1 January 2017; and Social Security Act 1991, Social Security (Administration) Act 1999 and Veterans’ Entitlements Act 1986 to provide that people whose pension is nil on 1 January 2017 as a result of the assets test changes will automatically be issued with a Commonwealth seniors health card or a health card.