Federal Register of Legislation
Family and Community Services Legislation Amendment (One‑off Payment to the Aged) Act 2001
No. 43, 2001
Family and Community Services Legislation Amendment (One‑off Payment to the Aged) Act 2001
No. 43, 2001
An Act to provide a one‑off payment to the aged, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Amendments Income Tax Assessment Act 1997 Social Security Act 1991 Social Security (Administration) Act 1999
Family and Community Services Legislation Amendment (One-off Payment to the Aged) Act 2001
No. 43, 2001
An Act to provide a one-off payment to the aged, and for related purposes
[Assented to 25 May 2001]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Family and Community Services Legislation Amendment (One‑off Payment to the Aged) Act 2001.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments
Income Tax Assessment Act 1997
1 Subsection 52‑10(1) After "pension bonus", insert "or one‑off payment to the aged".
2 After subsection 52‑10(1A) Insert:
(1B) One‑off payment to the aged under Part 2.2B of the Social Security Act 1991 is exempt from income tax.
Social Security Act 1991
3 After subparagraph 8(8)(y)(i) Insert: (ia) one‑off payment to the aged under regulations made under the Veterans' Entitlements Act; or
4 After paragraph 8(8)(y) Insert: (ya) a payment made by the Commonwealth and known as the one‑off payment to the aged; or
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