Commonwealth legislation

Social Security Exempt Lump Sum Determination No. 1 of 1999

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

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Commonwealth

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legislative instrument

Plain English Summary

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This determination protects certain financial assistance payments for farmers from affecting their Centrelink benefits.

What it does: It rules that re-establishment grants paid under the Restart scheme (a program to help struggling farmers get back on their feet) are exempt lump sums.

What that means: An "exempt lump sum" is a one-off payment that Centrelink ignores when calculating your income. Normally, receiving a lump sum could reduce or cancel your pension or unemployment benefit. This determination ensures that doesn't happen.

Who it affects: Farmers who received these grants before 1 July 1998 under the Farm Household Support Act 1992.

Why it matters: Without this rule, farmers who got government help to restart their operations might have lost their social security payments, defeating the purpose of the assistance. This ensures they can accept the grant to rebuild their farm without being penalised by having their benefits cut.

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Direct links to the current provisions in Social Security Exempt Lump Sum Determination No. 1 of 1999.

Social Security Exempt Lump Sum Determination No. 1 of 1999

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Commonwealth of Australia

Social Security Act 1991

Social Security Exempt Lump Sum Determination No. 1 of 1999

I, Evan Mann, Assistant Secretary, Retirement Programs and a delegate of the Secretary to the Department of Family and Community Services, make this determination under paragraph 8(11)(d) of the Social Security Act 1991.

Dated 18 January 1999.

Evan Mann

Assistant Secretary, Retirement Programs

Part 1 Preliminary

1.1 Name of determination

This determination is the Social Security Exempt Lump Sum Determination No. 1 of 1999.

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, prior to 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 from 1 July 1998.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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 1999

Dated 18 January 1999.

Evan Mann

Assistant Secretary, Retirement Programs

Part 1 Preliminary

1.1 Name of determination

This determination is the Social Security Exempt Lump Sum Determination No. 1 of 1999.

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