Commonwealth of Australia Explanatory Memoranda Commonwealth of Australia Explanatory Memoranda[Index] [Search] [Download] [Bill] [Help]
1998-1999-2000
THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
SENATE
YOUTH ALLOWANCE CONSOLIDATION BILL 1999
SUPPLEMENTARY EXPLANATORY MEMORANDUM
Requests for amendments, and amendment consequential upon requests for amendments, to be moved on behalf of the Government
(Circulated by the authority of the Minister for Family and
Community Services,
Senator the Hon Jocelyn Newman)
ISBN: 0642 438110
OUTLINE AND FINANCIAL IMPACT STATEMENT
There are no financial implications from these requests and amendment.
Although rates are to be increased, the increases are in line with routine
indexation increases and are within original costings.
Items 9, 10, 16 and 19 of Schedule 4 to the Bill repeal and substitute
new rate tables for certain youth allowance, austudy payment and disability
support pension customers. The rates in the new tables were correct when the
Bill was introduced on 11 February 1999. However, during the Parliament’s
consideration of the Bill, the rates have become out of date - the rates were
due to have been indexed on 1 January 2000. Furthermore, a further increase is
due on 1 July 2000 as part of the compensation measures for the goods and
services tax.
These requests for amendments bring the rates in these
tables up to date. Two alternative sets of rates are provided in each case. As
provided by the amendment consequential upon the requests, one set will commence
if Royal Assent is given to the Bill before 1 July 2000.
In that case, the current (1 January 2000) rates will commence, and the
1 July 2000 increase (which has already been enacted) will then act
upon those rates, along with other social security rates. The alternative set
will commence if Royal Assent is given to the Bill on or after
1 July 2000, in which case the increased, 1 July 2000
rates will commence.