Pension Bonus Scheme - cease late registrations

From 1 March 2014 no new registrations will be taken for the Pension Bonus Scheme.

Description of the measure

Amendments were made to the commencement date of this measure. There will be no new registrations taken for the Pension Bonus Scheme from 1 July 2014. You must register before that date to be eligible for a Pension Bonus.

Registered members of the scheme will continue to be assessed under the existing rules.

This change will affect older Australians not registered in the Pension Bonus Scheme before 1 March 2014, who:

  • turned age pension age before 20 September 2009
  • continued to work since turning pension age, and
  • deferred receiving the Age Pension. 

Those affected will not be able to claim a Pension Bonus payment.

Older Australians who are already registered in the Pension Bonus Scheme, or those who register before 1 March 2014, will remain eligible to qualify for a Pension Bonus Payment under the existing rules.

Questions and answers

Who will be affected by this measure?

The measure will affect older Australians who are not registered in the Pension Bonus Scheme, who:

  • turned age pension age before 20 September 2009
  • continued to work since turning pension age, and
  • deferred receiving the Age Pension. 

New applications to register in the Pension Bonus Scheme lodged before 1 March 2014 will continue to be considered under the existing rules.

Am I eligible for this measure?

This measure has no eligibility requirements as from 1 March 2014 no new registrations will be taken for the Pension Bonus Scheme.

When will this measure start and finish?

This measure will start on 1 March 2014 and is ongoing.

Page last updated: 14 March 2016

This information was printed Tuesday 27 September 2016 from humanservices.gov.au/corporate/budget/budget-2013-14/budget-measures/older-australians/pension-bonus-scheme-cease-late-registrations It may not include all of the relevant information on this topic. Please consider any relevant site notices at humanservices.gov.au/siteinformation when using this material.