Div 3Transitional (1990 Budget)

Division 3—Transitional (1990 Budget)

Fringe benefits test—interest attributed to money not invested or invested at a low rate of interest (changes introduced on 1 March 1991)

17. If a person:

(a) was not a prescribed person within the meaning of section 82 of the Principal Act on 28 February 1991; and

(b) would have been a prescribed person on that day if the amendments made by subsection 54 (1) of the Veterans’ Affairs Legislation Amendment Act 1991 (interest attributed to money not invested or invested at a low rate of interest) had been in force on that day;

then, for the purposes of the Principal Act and other laws of the Commonwealth, the person is taken to be eligible for fringe benefits under Division 15 of the Principal Act if:

(c) the person would not, at any time between 28 February and 1 July 1991, have become a prescribed person within the meaning of section 82 if the amendments referred to in paragraph (b) had not been made; and

(d) the person would not, at any time after 30 June 1991, cease to be eligible for fringe benefits under Division 15 of the Principal Act if that Act did not contain Division 8a of Part III.