28Power of Secretary to treat person as having continued to hold acceptable savings in certain circumstances

28 Power of Secretary to treat person as having continued to hold acceptable savings in certain circumstances

Where, during a period of not more than 30 days, a sole applicant or joint applicants did not hold acceptable savings, or the acceptable savings of a sole applicant or of joint applicants were less than they would otherwise have been, by reason of the transfer of moneys from one place to another place or from one form of savings into another form or for any other reason, the Secretary may, in his discretion, treat the sole applicant, or the joint applicants, as the case may be, as having held throughout that period acceptable savings equal to: (a) the acceptable savings that the sole applicant or joint applicants held immediately before the commencement of that period; or (b) the acceptable savings that the sole applicant or joint applicants held immediately after the expiration of that period; whichever is the less.