Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1084

Certain money and financial investments not taken into account

             (1)  The Minister may determine that:

                     (a)  specified financial investments; or

                     (b)  a specified class of financial investments;

are not to be regarded as financial assets for the purposes of section 1076, 1077 or 1078.

             (2)  If a financial investment is an unrealisable asset for the purposes of section 1129, 1130B or 1131, the financial asset is not to be regarded as a financial asset for the purposes of section 1076, 1077 or 1078.

             (3)  A determination under subsection (1):

                     (a)  must be in writing; and

                     (b)  takes effect on the day on which it is made or on such other day (whether earlier or later) as is specified in the determination.



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