Supplementary Explanatory Memorandum
(Circulated by the authority of the Minister for Social Services, the Hon Christian Porter MP)Outline
This Government amendment changes the commencement dates for both Schedules to the Bill.
The Bill currently provides for Schedule 1 (Portability of family tax benefit) to commence on 1 January 2016. This is now deferred to the first 1 January or 1 July to occur on or after Royal Assent. The earliest commencement for this measure would therefore be 1 July 2016. Schedule 1 will reduce to six weeks the length of time for which family tax benefit Part A, and additional payments that rely on family tax benefit eligibility, will be paid to recipients who are outside Australia. Portability extension, and exemption provisions that allow longer portability under special circumstances, will continue to apply.
The Bill currently provides for Schedule 2 (Large family supplement) to commence on 1 July 2016. Recognising the potential for delays to the Bill, the commencement of this Schedule is now amended to the first 1 July to occur on or after Royal Assent. Schedule 2 will cease the large family supplement, which is a component of family tax benefit Part A currently paid for the fourth and each subsequent FTB child in the family.