Summary
Amends: the
A New Tax System (Family Assistance) Act 1999
,
A New Tax System (Family Assistance) (Administration) Act 1999
and
Family Assistance and Other Legislation Amendment Act 2012
to reduce the amount of baby bonus for second and subsequent children to $3000; the
A New Tax System (Family Assistance) Act 1999
to provide that family tax benefit continues until the end of the calendar year that a child completes secondary school; the
Social Security Act 1991
to extend the double orphan pension qualification period for students completing study; the
A New Tax System (Family Assistance) Act 1999
and
A New Tax System (Family Assistance) (Administration) Act 1999
to: replace the baby bonus from 1 March 2014 with: an increase to the family tax benefit Part A payment of $2000 for a family’s first child and $1000 for second and subsequent children; and a stillborn baby payment; reduce to one year the claim period for family assistance lump sum claims; provide that certain students who are unable to attend school due to special circumstances are still eligible to receive the schoolkids bonus; enable certain clean energy supplement arrears to be paid straight away; and provide that a member of a couple is entitled to a clean energy advance top-up in certain situations; five Acts to clarify that the baby bonus is only paid at around the time a child first enters a person’s care; the Paid Parental Leave Act 2010 to: enable a person to count previous paid parental leave towards satisfying the work test for the purposes of a new claim; and set out how paid parental leave applies to dad and partner pay claims made in prescribed circumstances; the
Social Security Act 1991
,
Social Security (Administration) Act 1999
and
Veterans’ Entitlements Act 1986
to clarify that customers who end payment on a quarterly basis of clean energy supplement, pension supplement or seniors supplement do not have to wait to be paid arrears; and the
Income Tax Assessment Act 1997
,
Paid Parental Leave Act 2010
and
Social Security (Administration) Act 1999
to make consequential amendments.