Commonwealth legislation

Veterans' Entitlements Act 1986 - Determination under subsection 46L(1) (29/05/2005)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This document is a ministerial decision that tells the Department of Veterans' Affairs how to calculate pension payments for a specific veteran, Andrew Stilo. It deals with three particular investments he holds (or held): shares in a company called American Card Technology Inc., a private mortgage loan over a shopping centre in Coolbellup (Western Australia), and money from a property settlement held in a lawyers' trust account.

The determination applies to specific time periods (ranging from 1998 to 2005) and specifies how much income Mr Stilo is considered (or "deemed") to have received from these investments for the purpose of his Service Pension. This ensures his pension is calculated fairly using set rules for these non-standard assets, rather than trying to guess the actual income they produced.

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Current sections

Direct links to the current provisions in Veterans' Entitlements Act 1986 - Determination under subsection 46L(1) (29/05/2005).

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American Card Technology Inc. (ACTI)Shares	8 May 2001
Blackburne & Dixon Pty LtdMortgage Loan advanced to Pieros Corporation Pty LtdThe security for the loan is a first mortgage over investment property described as Lot 2, Strata Plan 21160, Certificate of Title Volume 1919 Folio 782, known as Lot 2 Coolbellup Shopping Centre, Coolbellup, Western Australia.	30 November 1998
Property settlement proceeds held by Duffy & Simon Lawyers, in the Duffy & Simon Trust Account, on behalf ofMr Andrew Stilo (a veteran in receipt of a service pension).	14 January 2005up to and including17 March 2005

Dated this Twenty-ninth day of May 2005

DE-ANNE KELLY

Minister for Veterans’ Affairs

Source text

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

A B A B

A B

American Card Technology Inc. (ACTI)Shares	8 May 2001
Blackburne & Dixon Pty LtdMortgage Loan advanced to Pieros Corporation Pty LtdThe security for the loan is a first mortgage over investment property described as Lot 2, Strata Plan 21160, Certificate of Title Volume 1919 Folio 782, known as Lot 2 Coolbellup Shopping Centre, Coolbellup, Western Australia.	30 November 1998
Property settlement proceeds held by Duffy & Simon Lawyers, in the Duffy & Simon Trust Account, on behalf ofMr Andrew Stilo (a veteran in receipt of a service pension).	14 January 2005up to and including17 March 2005

Dated this Twenty-ninth day of May 2005

DE-ANNE KELLY

Minister for Veterans’ Affairs