Commonwealth of Australia Explanatory Memoranda

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SOCIAL SECURITY LEGISLATION AMENDMENT (STRENGTHENING THE JOB SEEKER COMPLIANCE FRAMEWORK) BILL 2014

                                  2013-2014




     THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA




                                  SENATE




SOCIAL SECURITY LEGISLATION AMENDMENT (STRENGTHENING THE
       JOB SEEKER COMPLIANCE FRAMEWORK) BILL 2014




                           CORRECTION TO THE
                       EXPLANATORY MEMORANDUM


FINANCIAL IMPACT STATEMENT

Omit and substitute:

                       FINANCIAL IMPACT STATEMENT

The Bill would have the following budgetary implications:

                        Year          Expense ($ million)

                       2014-15
                                    7.0
                       2015-16
                                    -29.5
                       2016-17
                                    -32.6
                       2017-18
                                    -31.8
                       TOTAL:
                                    -86.9

         (Circulated by authority of the Minister for Employment,
                       Senator the Hon Eric Abetz)