Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)

Schedule 4   Stimulus payments to households to support growth

A New Tax System (Family Assistance) Act 1999

2   After Part 8

Insert:

Part 9 - 2020 economic support payments

Division 1 - First 2020 economic support payment

110 When is an individual entitled to a first 2020 economic support payment?

An individual is entitled to a first 2020 economic support payment if subsection 116(2), (3) or (4) applies to the individual on a day in the period:

(a) starting on 12 March 2020; and

(b) ending on 13 April 2020.

111 What is the amount of the payment?

The amount of an individual's first 2020 economic support payment under this Division is $750.

112 More than one entitlement

(1) If, at the time the Secretary determines whether an individual is entitled to a first 2020 economic support payment under this Division, 2 or more of subsections 116(2), (3) and (4) would otherwise apply to the individual on a day or days occurring in the period mentioned in section 110 (whether on the same day or different days), then:

(a) the first of those subsections applies to the individual on that day or those days; and

(b) none of the others apply to the individual during that period.

Note: For the purposes of sections 65JA (payment) and 72 (debts) of the Family Assistance Administration Act, it is necessary to know which subsection of section 116 of this Act applies.

(2) If:

(a) a first 2020 economic support payment under the ABSTUDY Scheme; or

(b) a first 2020 economic support payment under Division 1 of Part 2.6B of the Social Security Act 1991; or

(c) a first 2020 economic support payment under Division 1 of Part IIIH of the Veterans' Entitlements Act 1986;

is paid to an individual, no payment under this Division can be paid to the individual.

Division 2 - Second 2020 economic support payment

113 When is an individual entitled to a second 2020 economic support payment?

An individual is entitled to a second 2020 economic support payment if:

(a) subsection 116(2), (3) or (4) applies to the individual on 10 July 2020; and

(b) the individual does not receive COVID-19 supplement under the Social Security Act 1991 in respect of 10 July 2020.

114 What is the amount of the payment?

The amount of an individual's second 2020 economic support payment under this Division is $750.

115 More than one entitlement

(1) If, at the time the Secretary determines whether an individual is entitled to a second 2020 economic support payment under this Division, 2 or more of subsections 116(2), (3) and (4) would otherwise apply to the individual on 10 July 2020, then:

(a) the first of those subsections applies to the individual on 10 July 2020; and

(b) none of the others apply to the individual on 10 July 2020.

Note: For the purposes of sections 65JB (payment) and 72 (debts) of the Family Assistance Administration Act, it is necessary to know which subsection of section 116 of this Act applies.

(2) If:

(a) a second 2020 economic support payment under the ABSTUDY Scheme; or

(b) a second 2020 economic support payment under Division 2 of Part 2.6B of the Social Security Act 1991; or

(c) a second 2020 economic support payment under Division 2 of Part IIIH of the Veterans' Entitlements Act 1986;

is paid to an individual, no payment under this Division can be paid to the individual.

Division 3 - Eligibility for 2020 economic support payment

116 Eligibility for 2020 economic support payment

(1) This section applies for the purposes of section 110 and paragraph 113(a).

(2) Subject to subsection (5) of this section, this subsection applies to an individual on a day if:

(a) in relation to that day, a determination under section 16 of the Family Assistance Administration Act is in force in respect of the individual as a claimant; and

(b) the rate of family tax benefit payable under the determination in relation to that day consists of or includes a Part A or Part B rate greater than nil.

(3) Subject to subsection (5) of this section, this subsection applies to an individual on a day if:

(a) in relation to that day, a determination under section 17 of the Family Assistance Administration Act is in force in respect of the individual as a claimant; and

(b) the rate of family tax benefit payable under the determination in relation to that day consists of or includes a Part A or Part B rate greater than nil; and

(c) the determination is made as a result of a claim made in:

(i) the income year in which that day occurs; or

(ii) either of the next 2 income years.

(4) Subject to subsection (5) of this section, this subsection applies to an individual on a day if:

(a) in relation to that day, a determination under section 18 of the Family Assistance Administration Act is in force in respect of the individual as a claimant; and

(b) the rate of family tax benefit payable under the determination in relation to that day consists of or includes a Part A or Part B rate greater than nil; and

(c) the determination is made as a result of a claim made in:

(i) the income year in which that day occurs; or

(ii) a later income year.

Residence requirement

(5) Subsection (2), (3) or (4) does not apply to an individual on a day if the individual does not reside in Australia on that day.