📜 Administration Amendment Bill 2021

Assented toLABill 1326 May 2021

The Administration Amendment Bill 2021 amends the Administration Act 1903 to increase the statutory legacy amounts for surviving spouses/de facto partners and parents in cases of intestacy (dying without a will) and provides a mechanism for future adjustments based on average weekly earnings.

Impact

This bill affects people who die without a will (intestate) and their surviving relatives, particularly spouses/de facto partners and parents. It ensures that statutory legacies are more adequate and are adjusted regularly to reflect changes in average weekly earnings.

Key Changes

["Increases the partner's statutory legacy to $472,000 (if the deceased leaves issue) or $705,000 (if the deceased leaves no issue).", "Increases the parental statutory legacy to $56,500.", "Introduces a formula for calculating future statutory legacy amounts based on average weekly total earnings.", "Requires the Minister to review statutory legacy amounts every two years and report to Parliament."]