You are here
Rules introduced as part of the Secure and Sustainable Pension Reforms that came into effect on 20 September 2009. For income and assets test purposes the changes include:
- an increase to the income test taper rate from 40 cents to 50 cents on the dollar,
- the abolition of the additional child income free area,
- the introduction of a fortnightly pension supplement to replace telephone allowance, utilities allowance, pharmaceutical allowance and the GST supplement, and
- the introduction of a work bonus, whereby only 50% of the first $500 per fortnight of employment earnings is assessable for eligible pensioners.
There is currently no content classified with this term.