Summary
Part of a package of 18 bills to implement a carbon pricing mechanism, the bill amends the: A New Tax System (Family Assistance) Act 1999, A New Tax System (Family Assistance) (Administration) Act 1999, Military Rehabilitation and Compensation Act 2004, Social Security Act 1991, Social Security (Administration) Act 1999 and Veterans’ Entitlements Act 1986 to provide for: the payment of lump sum clean energy advances and clean energy supplements to certain pensioners, veterans, self-funded retirees and families; and the clean energy supplement to be indexed by the Consumer Price Index; Farm Household Support Act 1992 and Social Security Act 1991 to provide for the payment of the lump sum clean energy advances to recipients of the exceptional circumstances relief payment; Income Tax Assessment Act 1936, Social Security Act 1991, Social Security (Administration) Act 1999 and Taxation Administration Act 1953 to provide for an annual lump sum low income supplement; Social Security Act 1991, Social Security (Administration) Act 1999 and Veterans’ Entitlements Act 1986 to provide for an annual indexed payment of $140 to certain households requiring essential medical equipment; A New Tax System (Family Assistance) Act 1999 and A New Tax System (Family Assistance) (Administration) Act 1999 to provide an annual payment of up to $300 for certain single income families; and Aged Care Act 1997 to increase the standard resident contribution received by aged care homes by approximately $3.50 per week per resident. Also makes consequential amendments to five Acts.