Federal Register of Legislation - Australian Government

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Determinations/Social Security as made
This determination prescribes the below and above threshold rates used when applying the deeming rules under the Social Security Act 1991.
Administered by: Social Services
General Comments: This instrument was approved by Bill Shorten, Minister for Employment and Workplace Relations on 28 February 2013.
Made 28 Feb 2013
Registered 14 Mar 2013
Tabled HR 18 Mar 2013
Tabled Senate 18 Mar 2013

Social Security (Deeming Threshold Rates) (DEEWR) Determination 2013 (No. 1)

Social Security Act 1991

I, BILL SHORTEN, Minister for Employment and Workplace Relations, Financial Services and Superannuation, acting under section 1082 of the Social Security Act 1991, make this Determination.

 

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1              Name of Determination

                     This Determination is the Social Security (Deeming Threshold Rates) (DEEWR) Determination 2013 (No. 1).

2              Commencement

                     This Determination commences on 20 March 2013.

3              Revocation

                     The Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1) is revoked.

4              Definition

                     In this Determination:

Act means the Social Security Act 1991.

5              Below threshold rate

                     For subsection 1082 (1) of the Act, the below threshold rate for Division 1B of Part 3.10 of the Act is 2.5 per cent.

6              Above threshold rate

                     For subsection 1082 (2) of the Act, the above threshold rate for Division 1B of Part 3.10 of the Act is 4 per cent.