Social Security (Obtaining Information to Verify Claims – Income Stream Recipients) Amendment (Military Invalidity Pension Income Streams) Specification 2024
I, Amanda Rishworth, Minister for Social Services, make the following Specification.
Dated 8 May 2024
Amanda Rishworth
Minister for Social Services
Contents
2 Commencement
3 Authority
4 Schedules
Schedule 1—Amendments 2
Social Security (Obtaining Information to Verify Claims - Income Stream Recipients) Specification 2017 2
This instrument is the Social Security (Obtaining Information to Verify Claims –Income Stream Recipients) Amendment (Military Invalidity Pension Income Streams) Specification 2024.
(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 | At the same time as the Social Services and Other Legislation Amendment (Military Invalidity Payments Means Testing) Act 2024 commences. However, the provisions do not commence at all if that Act does not commence. |
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Note: This table relates only to the provisions of this instrument as originally made.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.
This instrument is made under subsection 195(3A) of the Social Security (Administration) Act 1999.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Social Security (Obtaining Information to Verify Claims - Income Stream Recipients) Specification 2017
1 Section 4
Insert:
special reduction amount has the same meaning as in subsection 1099AAA(1) of the Social Security Act 1991.
2 Subparagraph 5(xvii)
Repeal the subparagraph, substitute:
(xvii) If the income stream is a defined benefit income stream or a military invalidity pension income stream – the gross fortnightly payment made under the income stream;
3 Subparagraph 5(xviii)
Omit “.”, substitute “; and”.
4 After subparagraph 5(xviii)
Insert:
(xix) If the income stream is a military invalidity pension income stream – the special reduction amount for the year in which the notice is given and the method used to work out the amounts that would be the tax free components for the purposes of determining that special reduction amount.