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This is a Bill, not an Act. For current law, see the Acts databases.
1998
The Parliament of
the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
A New Tax
System (Aged Care Compensation Measures Legislation Amendment) Bill
1998
No. ,
1998
(Aged Care)
A
Bill for an Act to provide for aged care compensation measures related to the
implementation of A New Tax System, and for related
purposes
ISBN: 0642 379475
Contents
A Bill for an Act to provide for aged care compensation
measures related to the implementation of A New Tax System, and for related
purposes
The Parliament of Australia enacts:
This Act may be cited as the A New Tax System (Aged Care Compensation
Measures Legislation Amendment) Act 1998.
(1) Subject to subsection (2), this Act commences on the day on which it
receives the Royal Assent.
(2) Schedule 1 commences at the same time as Schedule 1 to the A New
Tax System (Compensation Measures Legislation Amendment) Act 1998.
Subject to section 2, each Act that is specified in a Schedule to this
Act is amended or repealed as set out in the applicable items in the Schedule
concerned, and any other item in a Schedule to this Act has effect according to
its terms.
1 Section 44-25
Omit “2 times”, substitute “five-thirds
times”.
2 Subsection 58-3(1)
Repeal the subsection, substitute:
(1) The standard resident contribution for a care recipient
who is not receiving an *income support payment
is an amount (rounded down to the nearest cent) equal to 1.25 times the
*standard pensioner contribution.
3 Clause 1 of Schedule 1 (definition of
standard pensioner contribution)
Repeal the definition, substitute:
standard pensioner contribution means an amount (rounded down
to the nearest cent) equal to 81.5% of the
*basic age pension amount, worked out on a per
day basis.