Summary
Amends the: A New Tax System (Family Assistance) Act 1999, Income Tax Assessment Act 1936 and Medicare Levy Act 1986 to establish a $150,000 limit on primary earner income for family tax benefit Part B and related tax offsets; A New Tax System (Family Assistance) Act 1999 and A New Tax System (Family Assistance) (Administration) Act 1999 in relation to the baby bonus to: introduce a means test; provide for instalment payment; change the indexation date to 1 July each year; and extend the eligibility to certain adopted children; Data-matching Program (Assistance and Tax) Act 1990, Social Security Act 1991, Social Security (Administration) Act 1999 and Veterans’ Entitlements Act 1986 to provide for the collection of tax file numbers as part of a new compliance regime for the seniors health card; Social Security (Administration) Act 1999 to provide for a person to enter into a voluntary income management agreement; Veterans’ Entitlements Act 1986 to increase the eligible age for partner service pension to qualifying age; and five Acts in relation to: child support reforms; family assistance; and technical amendments relating to family tax benefits and social security.