Senate

Supplementary Explanatory Memorandum

(Circulated by the authority of the Minister for Tertiary Education, Skills, Science and Research)

Notes on clauses

Amendment 1 - Commencement

Amendment 1 amends the commencement provision in relation to Schedule 3A of the Bill. Schedule 3A will commence on the day the Act receives Royal Assent.

Amendment 2

Amendment 2 adds Schedule 3A to the Bill.

Schedule 3A - Student start-up scholarship payments

Social Security Act 1991

Item 1 repeals and substitutes the note under section 592H of the Social Security Act 1991 (the Act) to provide that the amount of the Student Start-up Scholarship payment will be indexed on 1 January 2017 and each later 1 January in line with CPI increases.

Item 2 inserts new subsection 1192(8A) into the Act to provide that the Student Start-up Scholarship payment is not indexed on 1 January 2013, 1 January 2014, 1 January 2015 and 1 January 2016.