Social Security Exempt Lump Sum Determination No. 1 of 1998
1Social Security Exempt Lump Sum Determination No. 1 of 1998
Start here
Get a plain-English read of 1
Turn the raw legal text into a practical explanation grounded in Social Security Exempt Lump Sum Determination No. 1 of 1998.
meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2 title: Foreign Currency Determination No 6
?xml version="1.0" encoding="utf-8" standalone="no"?>
Commonwealth of Australia
Social Security Act 1991
Social Security Exempt Lump Sum Determination No. 1 of 1998
I, David Marcus Rosalky, Secretary to the Department of Social Security, make this determination under paragraph 8(11)(d) of the Social Security Act 1991.
Dated 3 September 1998.
David Rosalky
Secretary to the Department of Social Security
Part 1 Preliminary
1.1 Name of determination
This determination is the Social Security Exempt Lump Sum Determination No. 1 of 1998.
1.2 Commencement
This determination commences on the day on which it is signed.
1.3 Definition
In this determination:
Act means the Social Security Act 1991.
Part 2 Exempt Lump Sums
2.1 Amount or class of amounts
(1) Paragraph 8(11)(d) of the Act provides that an amount, or class of amounts, received by a person is an exempt lump sum if the amount, or class of amounts, is determined to be an exempt lump sum.
(2) Section 52A of the Farm Household Support Act 1992 provides for the Restart re-establishment grant scheme and for payment of a grant known as a re-establishment grant.
2.2 Application—Exempt Lump Sums
It is appropriate to determine that an amount, or class of amounts, paid to a person, on or after 1 July 1998, and known as a re-establishment grant is an exempt lump sum for the purposes of paragraph 8(11)(d) of the Act.