Social Security Point-in-Time Service Updates

The Social Security Point-in-Time Service has been updated to include Act No 98 of 2014, the Social Services and Other Legislation Amendment (Seniors Health Card and Other Measures) Act 2014 (CTH).

Act 98 of 2014

This Act implements the Government’s election commitment to index income thresholds for the Commonwealth Seniors Health Card.

Qualification for the seniors health card depends partly on a person satisfying the  seniors health card taxable income test. Under that test, the person’s adjusted  taxable income must not exceed the taxable income limit that applies to the person’s  family situation. The taxable income limits are not currently indexed. Introducing indexation means more people will satisfy the seniors health card taxable income test and therefore qualify for the seniors health card. Indexation of the thresholds will occur annually, starting on 20 September 2014, and will be based on movements in the Consumer Price Index.

This measure applies to the seniors health card under either the Social Security Act 1991 (Cth) or the Veterans’ Entitlements Act 1986 (Cth).

The amendments made by Act 98 of 2014 have been updated in the Point-in-Time Social Security Service current to 22 October 2014. (NB: Subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.