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.