Explanatory Memorandum(Circulated by the authority of the Minister for Social Services, the Hon Christian Porter MP)
Schedule 1 will pay a one-off energy assistance payment to recipients of the age pension, disability support pension and parenting payment single, together with recipients of various veterans' payments, who are payable and residing in Australia on 20 June 2017.
Schedule 2 will provide a pensioner concession card to various former social security pensioners and veterans' payments recipients where the recipient's payment or pension was cancelled on 1 January 2017 due to the rebalancing of the assets test parameters by the Social Services Legislation Amendment (Fair and Sustainable Pensions) Act 2015.
Financial impact statement
|MEASURE||FINANCIAL IMPACT OVER THE FORWARD ESTIMATES|
|Schedule 1 - Energy assistance payments||$268.9 Million|
|Schedule 2 - Pensioner concession cards||$3.1 Million|