Social Security (Deeming Threshold Rates) Determination 2020

Dated 6 April 2020

Senator the Hon Anne Ruston

Contents

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

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

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

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

5  Schedules................................................................................................................................. 1

6  Below threshold rate................................................................................................................. 1

7  Above threshold rate................................................................................................................ 1

Schedule 1—Repeals                                                                                                     2

Social Security (Deeming Threshold Rates) Determination 2019                                               2

1  Name

                   This instrument is the Social Security (Deming Threshold Rates) Determination 2020.

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.

Note:          This table relates only to the provisions of this instrument as originally made.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 section 1082 of the Social Security Act 1991.

4  Definitions

                   In this instrument:

Act means the Social Security Act 1991.

5  Schedules

                   Each instrument that is specified in a Schedule to this instrument is repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

6  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 0.25 per cent.

7  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 2.25 per cent.

Schedule 1—Repeals

Social Security (Deeming Threshold Rates) Determination 2019

1  The whole of the instrument

Repeal the instrument.