Social Security and Other Legislation Amendment (Supporting the Transition to Work) Act 2023 (106 of 2023)

Schedule 1   Pensioner work bonus

Social Security Act 1991

3   Subsection 1073AB(2) (example)

Repeal the example, substitute:

Example: John has an unused concession balance of $11,700. John has $100 of work bonus income in an instalment period of 14 days.

Instead of John's unused concession balance increasing to $11,900 under subsection 1073AA(4A), John's unused concession balance increases to $11,800.