23/2007
DETERMINATION UNDER SUBSECTION 46L(1)
No. R23/2007
I, JEANETTE RICKETTS, as delegate for Bruce Billson, Minister for Veterans' Affairs, determine under subsection 46L(1) of the Veterans' Entitlements Act 1986 (the Act), that the class of financial investment — s specified in Clause 1, are not to be regarded as financial asset — s f — or the period specified in Clause 2, for the purposes of sections 46D or 46E of the Act, commencing from the date specified in Clause 3.
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Clause 1 : |
(a) insurance or compensation payments, received by a person because of the loss of, or damage to, buildings, plant or personal effects, being an insurance or compensation payment which has been disregarded in calculating the value of the person's assets under subsection 52(1)(o) of the Veterans' Entitlements Act 1986; (b) Financial investments made by a person from an insurance or compensation payment (as described in paragraph (a)) received by the person. |
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Clause 2 : |
For a period of not more than 24 months beginning on the day on which the insurance or compensation payment (as described in Clause 1) is or was received by the person. |
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Clause 3 : |
This instrument is taken to have commenced on 1 July 2007. |
Dated this day of 200 — 7
JEANETTE RICKETTS
Delegate for Bruce Billson, Minister for Veterans' Affairs
Determination No : R — 23/2007 Page 1 of 1
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/deeming-exemptions-register/exempted-class-financial-investments/2007/232007