Senate
Social Services Legislation Amendment (Family Measures) Bill 2015
Supplementary Explanatory Memorandum
(Circulated by the authority of the Minister for Social Services, the Hon Christian Porter MP)Amendment to be moved on behalf of the Government
Financial impact statement
| MEASURE | ESTIMATED REVISED FINANCIAL IMPACT OVER THE FORWARD ESTIMATES (FISCAL BALANCE, WHOLE OF GOVERNMENT) |
| Portability of family tax benefit | Saving of $28.7 million * |
| Cease the large family supplement | Saving of $177.3 million # |
* Note: this figure is indicative and assumes a 1 July 2016 start date.
# Note: there is no change to this figure, which is based on a 1 July 2016 start date.