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Business law : Solved Assignment

   

Added on  2021-06-16

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Running head: BUSINESS LAWBusiness LawName of the StudentName of the UniversityAuthor note
Business law : Solved Assignment_1

1BUSINESS LAWCenter link payments and other social security benefitsThis essay consists of the benefits of social securities and the center link payments. Itfurther compares the changes of social securities that took place in Australia and comparedwith other countries like Iraq, China and India. There are different varieties in the Center linkpayments and entitlements that are available. There are existing rules that cover the procedureof how travelling outside the country affects the payment (Cascio 2018). If the income test isapplied to the Newstart allowance, an individual can earn up to $104 per fortnight pre tax andbefore the payment gets affected. However, if the levels of the income are above the ratementioned then the payment will be decreased by 50 cents for every dollar that have beenexceeded. The age of pension is only available to those eligible individuals who haveobtained the age for receiving pension. The age of pension generally increases until one hasreached the age of 67. The allowance has the authority to assist people financially (Piketty,Saez and Zucman 2017). However, one must qualify with the criteria for the Newstartallowance. Firstly, the individual should be unemployed. Secondly, one must take partwillingly for participating in the activities. Thirdly, one must have attained the age of 22 butis under the age of pension. Lastly, an individual should be an Australian resident and mustbe residing in the country during the period of payment (McGraw-Hill Educa Atalay andBarrett 2015). However, centrelink is treated as one of those agencies that operates under thebanner of the Department of Human Services and will be held responsible for assessing theeligibility for and processing the payment of the benefits of social security. It providesanother benefit of payment for the disability support pension. This refers to a situation wherepayments are made to those who are unable to work because of their incapacity or long-termillness. They can also be suffering from a kind of medical assessment. Fourthly, carerpayments are dealt with the those individuals who provide full time care for those individualswho are said to be disabled or requires care due to old age (Alonso-Ortiz 2014.). Fifthly,
Business law : Solved Assignment_2

2BUSINESS LAWcarer allowance is paid to those persons who provide regular care which also acts as theprofessional care or home care to someone who is disabled. Lastly, rent allowance is given tothe individuals in receipt of a payment that is qualified and requires additional assistance formeeting the accommodation for the rent payments. These payments are however done onlineEvery payment done with the centre link are related to the eligibility that includes residency,age, medical conditions, income, assets and work status. The concept of social security on the other hand states that it helps workers, old anddisabled people and families. Generally, the beneficiaries belong to the range of retirees andtheir families. Retirement is treated as more than social security. Individuals who receivebenefits from the social securities belong to the groups of retirees, disabled, a spouse,divorced spouse and a dependent parent. It also consists of medicare taxes, social securitytaxes and additional taxes (Saunders 2017). The effect of the security changes has majorlyaffected the people who belong to the age group above the age of 60. It is beneficial for theseparticular groups of individuals including disabled and challenged people. However, inAustralia, the access to the social security benefits is prohibited to the individuals who are thepermanent residents or citizens of Australia. Majority of the individuals support the paymentsthat have a period of two years waiting. The age of the individuals matter when it concernsthe system of tax payments. However, the government of Australia had dealt with the firstage of pensions in the state of New South Wales and Victoria. The government incomesupport provision in Australia has also developed in other countries (Couch, Tamborini andReznik 2015). Thus, the benefits associated are subject to the asset tests and income. Comparison between Australia and overseas related to the changes in the social securityThe changes in the social security have a wide effect on the society and theindividuals surviving in the society. It has been observed that there have been healthimprovements that are not spread equally across all the existing groups in the society.
Business law : Solved Assignment_3

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