Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1185A

Purpose of Part

                   This Part deals with the transfer of farming interests to family members of a younger generation. The purpose of the Part is to provide that, if the conditions set out in the Part are met, the value of any such interests transferred by a qualifying farmer, his or her partner, or a former partner of the qualifying farmer, will be disregarded in determining:

                     (a)  whether a social security payment is payable; or

                     (b)  at what rate a social security payment is payable.



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