Second Reading Speeches

Budget Savings (Omnibus) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends: the

Higher Education Support Act 2003
to establish a minimum repayment threshold for HELP debts of two per cent when a person’s income reaches $51 957 from the 2018-19 financial year; and replace the Higher Education Grants Index with the consumer price index for the purposes of indexing all grants and regulated student contribution amounts; the
Higher Education Support Act 2003
and
Income Tax Assessment Act 1997
to discontinue the HECS-HELP benefit from 1 July 2017; the
Social Security Act 1991
,
Social Security (Administration) Act 1999
,
Farm Household Support Act 2014
and
Income Tax Assessment Act 1997
to discontinue the job commitment bonus; the
Australian Renewable Energy Agency Act 2011
to reduce the agency’s available appropriation; the
Private Health Insurance Act 2007
to pause the income thresholds for the Medicare levy surcharge and the government rebate on private health insurance for a further three years from 1 July 2018; the
National Health Reform Act 2011
to abolish the National Health Performance Authority; the
Aged Care Act 1997
to: increase the secretary’s compliance powers in relation to reviews of care recipient appraisals submitted by aged care providers to receive Commonwealth subsidies; abolish adviser and administrator panel arrangements; and require approved providers to notify the secretary of certain changes to any key personnel in certain circumstances; the
Age Discrimination Act 2004
,
Dental Benefits Act 2008
and
Human Services (Medicare) Act 1973
to close the Child Dental Benefits Schedule from 31 December 2016 and establish the Child and Adult Public Dental Scheme from 1 January 2017; the
Social Security Act 1991
,
Social Security Legislation Amendment (Newly Arrived Resident’s Waiting Periods and Other Measures) Act 1997
and
Farm Household Support Act 2014
to remove the exemption from the 104 week newly arrived resident’s waiting period for new migrants who are family members of Australian citizens or long-term permanent residents; the
Social Security Act 1991
,
Social Security (Administration) Act 1999
and
Student Assistance Act 1973
to cease the student start-up scholarship payment from 1 July 2017; five Acts to apply an interest charge to outstanding debts owed by former recipients of social welfare payments who have failed to enter into, or have not complied with, an acceptable repayment arrangement; five Acts to enable the making of departure prohibition orders to prevent certain social welfare debtors from leaving the country; the
A New Tax System (Family Assistance) (Administration) Act 1999
,
Paid Parental Leave Act 2010
,
Social Security Act 1991
and
Student Assistance Act 1973
to remove the six-year limit on welfare debt recovery; the
Social Security Act 1991
and
Veterans’ Entitlements Act 1986
to provide that parental leave payments and dad and partner pay payments are included in the income test for income support payments; the
A New Tax System (Family Assistance) Act 1999
,
Income Tax Assessment Act 1936
and
Social Security Act 1991
to change the way fringe benefits are treated under the income tests for family assistance and youth income support payments and for related purposes; the
Social Security (Administration) Act 1999
to align carer allowance and carer payment start day provisions; the
A New Tax System (Family Assistance) Act 1999
and
Paid Parental Leave Act 2010
to pause indexation for family tax benefit (FTB) Part A, the primary earner income limit for FTB Part B and the Paid Parental Leave income limit for a further three years from 1 July 2017; the
Social Security Act 1991
and
Veterans’ Entitlements Act 1986
to remove the pension income and assets test exemptions currently available to pensioners in aged care who rent out their former home and pay their aged care accommodation costs by periodic payments; the
A New Tax System (Family Assistance) Act 1999
and
Social Security Act 1991
to remove the exemption from the income test for FTB Part A recipients and the exemption from the parental income test for certain dependent young people receiving youth allowance and ABSTUDY living allowance; the
Social Security Act 1991
to provide that certain persons cannot be paid social security payments when they are in psychiatric confinement because they have been charged with a serious offence; six Acts to prevent new recipients of welfare payments or concession cards from being paid the energy supplement from 20 March 2017; the
Income Tax Assessment Act 1997
to reduce the refundable and non-refundable rates of the tax offset available under the research and development tax incentive for the first $100 million of eligible expenditure; six Acts to require larger entities to provide payroll and superannuation information at the time it is created through the single touch payroll reporting framework; and the
Military Rehabilitation and Compensation Act 2004
to create a single appeal path for the review of original determinations made by the Military Rehabilitation and Compensation Commission.

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