Explanatory Memorandum
(Circulated by the authority of the Minister for Social Services, the Hon Dan Tehan MP)Outline
This Bill gives effect to a 2018-19 Budget measure aimed at providing improved access to Youth Allowance (YA) (student) for regional students.
The Bill also makes two technical amendments to the maintenance income test for YA and also makes one technical amendment to the Student Assistance Act 1973.
Financial Impact Statement
The financial impact of the Bill is a cost of $53.9 million over the forward estimates:
- a)
- The response to the Independent Review into Regional, Rural and Remote Education - additional support for students (Improved Access to Youth Allowance for Regional Students) is a cost of $53.9 million.
- b)
- Changes associated with the maintenance income test and Schedule 2 will have nil cost.
Statement of Compatibility with Human Rights
The statement of compatibility with human rights appears at the end of this explanatory memorandum.
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