Social security and veterans entitlements amendment bill 2009
This Bill , which has been introduced into Federal Parliament, proposes amendments to the adjusted taxable income test that is used for the Commonwealth Seniors Health Card (CSHC) to take into account income from a superannuation income stream with a taxed source and also income being salary sacrificed.
The amendments are proposed to reduce administration of the CSHC and to enable more self funded retirees to gain access to the health card following the downturn in the global economy and to take into account the probable increase in salary sacrifice superannuation contributions that workers will make to make up for the losses experienced over the past 18 months.
