Social Security (Exempt Lump Sum – NSW Taxi Licence Deregulation) Determination 2023

Dated 14 February 2023                                             

Gillian Beer

1  Name

                   This instrument is the Social Security (Exempt Lump Sum – NSW Taxi Licence Deregulation) Determination 2023.

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Note:          This table relates only to the provisions of this instrument as originally made.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 paragraph 8(11)(d) of the Social Security Act 1991.

4  Definitions

In this instrument:

Act means the Social Security Act 1991.

NSW taxi transitional assistance payment means a lump sum payment made to a person in accordance with the Point to Point Transport (Taxis and Hire Vehicles) Regulation 2017 (NSW) for further transitional assistance funds.

further transitional assistance funds has the same meaning as in Schedule 3 to the Point to Point Transport (Taxis and Hire Vehicles) Act 2016 (NSW) .

Note:          The following expression used in this instrument is defined in subsection 8(1), referring to subsection 8(11) of the Social Security Act 1991.

(a)      exempt lump sum

5  Exempt Lump Sum

For the purposes of paragraph 8(11)(d) of the Act, the gross amount of a NSW taxi transitional assistance payment is an exempt lump sum.

6 Application provision

Section 5 applies to the calculation of the rate of social security payments payable for days on or after 1 February 2023.