Federal Register of Legislation - Australian Government

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This instrument specifies the value of life expectancy that should be used from the most recent Australian Government Actuary's life tables. The new means test rules reference the life expectancy of a 65-year-old male.
Administered by: Social Services
Registered 20 Jun 2019
Table of contents.

Commonwealth Coat of Arms of Australia

 

Social Security (Number of Expected Years) Instrument 2019

I, Kathryn Campbell, Secretary of the Department of Social Services, make the following notifiable instrument.

Dated 14 June 2019

Kathryn Campbell AO CSC

Secretary of the Department of Social Services

 

                                                                               

                                                                               


Contents

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

5  Number of expected years........................................................................................................ 1

 

 


1  Name

                   This instrument is the Social Security (Number of Expected Years) Instrument 2019.

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

1 July 2019.

 1 July 2019

Note:              This table relates only to the provisions of this instrument as originally made.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 subsection 1120AB(11) of the Social Security Act 1991.

4  Definitions

                   In this instrument:

Act means the Social Security Act 1991.

5  Number of expected years

                     For the purposes of step 1 of the method statement in subsection 1120AB(9) of the Act, the number of expected years is 19.22 years.