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Social Security Amendment (Disposal of Assets) Bill 1999

  • - C2004B00495
A Bill for an Act to amend the Social Security Act 1991 in relation to the effect on social security benefits of the disposal of assets, and for related purposes
For authoritative information on the progress of bills and on amendments proposed to them, please see the House of Representatives Votes and Proceedings, and the Journals of the Senate as available on the Parliament House website.
Introduced HR 30 Jun 1999

Social Security Amendment (Disposal of Assets) Bill 1999
Supplementary Explanatory Memorandum

1998-99

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

SENATE

_____________________________________________________________________

SOCIAL SECURITY AMENDMENT (DISPOSAL OF ASSETS) BILL 1999

_____________________________________________________________________

SUPPLEMENTARY EXPLANATORY MEMORANDUM (NO.2)

Amendments to be moved on behalf of the Government

(Circulated by authority of the Minister for Family and Community Services,

Senator the Hon Jocelyn Newman)

ISBN: 0642 425329

SOCIAL SECURITY AMENDMENT (DISPOSAL OF

ASSETS) BILL 1999

Amendments to be moved on behalf of the Government

OUTLINE AND FINANCIAL IMPACT STATEMENT

The amendments are of a technical nature.

The amendments in this schedule have no financial implications.

SOCIAL SECURITY AMENDMENT (DISPOSAL OF

ASSETS) BILL 1999

Amendments to be moved on behalf of the Government

NOTES ON AMENDMENTS

These are technical amendments.

Amendment No. 1

Amendment No. 1 is an amendment to subsection 9(4) of the Act, and is consequential upon the provisions already contained in the Bill. Subsection 9(4) of the Act is a definition provision which refers to the existing sections of the Act which deal with disposal of assets. Amendment No. 1 simply amends that definition to "complete the list" and ensure that the definition also refers to the new sections inserted by the Bill (ie s1126A, s1126B and s1126C).

Amendment No. 2

Amendment No. 2 is a technical amendment to Item 20 of the Bill. The Bill at present refers to the "Budget Measures 1999 Legislation Amendment (Social Security - Disposal of Assets) Act 1999" , which was its original proposed title. This item was overlooked when the Bill was retitled during the drafting process.