These regulations are made under sections 422(1), 423(1)(b), and 428(1) and (2)(d) and (f) of the Social Security Act 2018 on the advice and with the consent of the Executive Council.

1	Title
2	Commencement
3	Principal regulations
4	Schedule 8 amended
	Schedule New Part 33 inserted in Schedule 8
	Explanatory note
	Administrative Information

Regulations

1 Title

These regulations are the Social Security (Cash Assets and Income Exemptions—Cost of Living Payment) Amendment Regulations 2022.

2 Commencement

These regulations come into force on 1 August 2022.

3 Principal regulations

These regulations amend the Social Security Regulations 2018.

4 Schedule 8 amended

(1)

In Schedule 8, clause 1, after item 21, insert:

A cost of living payment to which clause 58 applies

Not cash assets of the person to whom the payment was made

Only for the first 12 months after the payment is made

(2)

In Schedule 8, clause 2, after item 22, insert:

A cost of living payment to which clause 58 applies

Not cash assets of the person to whom the payment was made

Only for the first 12 months after the payment is made

(3)

In Schedule 8, clause 3, after item 10, insert:

A cost of living payment to which clause 58 applies

Not chargeable income for the person to whom the payment was made

Only for the first 12 months after the payment is made

(4)

In Schedule 8, clause 4, after item 27, insert:

A cost of living payment to which clause 58 applies

Not income for the person to whom the payment was made

Only for the first 12 months after the payment is made

(5)

In Schedule 8, after Part 32, insert the Part 33 set out in the Schedule of these regulations.

Schedule New Part 33 inserted in Schedule 8

r 4(5)

Part 33 Cost of living payments

57 Interpretation

In this Part, cost of living payment means a payment under the cost of living payments scheme (as defined in section 3(1) of the Tax Administration Act 1994).

58 Payments

This clause applies to a cost of living payment made to a person.

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 August 2022, amend Schedule 8 of the Social Security Regulations 2018. The amendments relate to a cost of living payment—

under the cost of living payments scheme introduced as part of Budget 2022; and
made to certain people by the Inland Revenue Department.

The amendments ensure that, for the first 12 months after the payment is made, the payment is not treated as cash assets or chargeable income for the purposes of determining the person’s accommodation supplement or temporary additional support entitlements under the Social Security Act 2018. They also ensure that, for the first 12 months after the payment is made, the payment is not the person’s income for the purposes of that Act.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 16 June 2022.

These regulations are administered by the Ministry of Social Development.

Social Security (Cash Assets and Income Exemptions—Cost of Living Payment) Amendment Regulations 2022