Summary
Amends the:
Social Security Act 1991
to: pause for three years the indexation of various income thresholds that apply to certain social security benefits and allowances and the income test free area for parenting payment single; extend the ordinary waiting period to youth allowance (other) and parenting payment; include additional evidentiary requirements for the ‘severe financial hardship’ exemption from the ordinary waiting period; and remove the ability for claimants to serve the ordinary waiting period concurrently with other waiting periods;
Social Security (Administration) Act 1999
to enable automation of the regular income stream review process; and
A New Tax System (Family Assistance) Act 1999
to maintain the standard family tax benefit (FTB) child rates for two years, from 1 July 2017, in the maximum and base rate of FTB Part A and the maximum rate of FTB Part B.