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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)

Insert:

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

4  At the end of section 46R

Add:

             (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.