25Value of expense benefits

25 Value of expense benefits

The value of an expense benefit is the amount of the payment that constitutes the expense benefit.

Part 8 Financial Investment Benefits

Division 1 What is a financial investment benefit?

26 Definition

In this Part:

available money for a person, means money that:

(a) is held by or for the person; and

(b) is not deposit money of the person; and

(c) is not the subject of a loan made by the person.

deposit money of a person, means the person’s money that is deposited in an account with a bank, building society, credit union or other institution that takes money on deposit.

financial investment means:

(a) available or deposit money; or

(b) a managed investment; or

(c) a listed security; or

(d) an unlisted public security; or

(e) gold, silver or platinum bullion.

listed security means a share in a company, or another security, listed on a stock exchange.

managed investment has the same meaning as in subsections 9 (1A), (1B) and (1C) of the Social Security Act 1991.

unlisted public security means a public security that is not a listed security.