Federal Register of Legislation - Australian Government

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Determinations/Social Security as made
This instrument provides that the Taxi Reform Transitional Assistance Payment will not be regarded as income under Social Security Act 1991.
Administered by: Social Services
Registered 16 Dec 2016
Tabling HistoryDate
Tabled HR07-Feb-2017
Tabled Senate07-Feb-2017

Social Security (Exempt Lump Sum – Taxi Reform Transitional Assistance Payment) Determination 2016

I, Anita Davis, delegate of the Secretary of the Department of Social Security, make the following determination.

 

 

 

Dated: 15 December 2016

 

Anita Davis

Acting Branch Manager

International and Means Test Policy Branch

Department of Social Services

___________________________________________________________________________

 

 


1        Name

This instrument is the Social Security (Exempt Lump Sum – Taxi Reform Transitional Assistance Payment) Determination 2016.

 

2        Commencement

 

(1)             Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

8 July 2016

Note:               This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

(2)             Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

 

 

3     Authority

 

This instrument is made under paragraph 8(11)(d) of the Social Security Act 1991.

 

4      Definitions

 

In this instrument:

 

Act means the Social Security Act 1991.

 

Taxi Reform Transitional Assistance Payment means a one-off lump sum payment of $20,000 made by Transport for NSW under the Point to Point Transport (Taxis and Hire Vehicles) Regulation 2016 (NSW) to the holder of a taxi licence. For the holder of more than one taxi licence the payment is capped at $40,000.

 

5        Exempt lump sum

 

For the purposes of paragraph 8(11)(d) of the Act, the gross amount of a Taxi Reform Transitional Assistance Payment is an exempt lump sum.