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Veterans' Affairs Legislation Amendment (2001 Budget Measures) Bill 2001
Schedule 2 Beneficial treatment of superannuation assets for people aged between 55 and pension age


Veterans’ Entitlements Act 1986

1  Paragraph 46Q(e)

After “realised”, insert “before the person turns 55”.

2  Paragraph 46R(a)

Omit “before the person reaches pension age”.

3  After paragraph 46R(a)


                    (aa)  when the investment is realised, the person has not turned 55; and

4  At the end of section 46R


             (2)  However, if the person turns 55 before the end of the period of 12 months, this section does not apply to the person in relation to:

                     (a)  the week, during that period, in which the person turns 55; and

                     (b)  any later weeks during that period.