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

Schedule 1   Pensioner work bonus

Veterans' Entitlements Act 1986

8   Subsection 46AC(2) (example)

Repeal the example, substitute:

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

Instead of John's unused concession balance increasing to $11,900 under subsection 46AA(4A), John's unused concession balance increases to $11,800.