Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SOCIAL SECURITY ACT 1991 - SECT 1083

Actual return on financial assets not treated as ordinary income

  (1)   Subject to subsection   (2), any return on a financial asset that a person actually earns, derives or receives is taken, for the purposes of this Act, not to be ordinary income of the person.

  (2)   If, because of:

  (a)   a determination under subsection   1084(1); or

  (b)   the operation of subsection   1084(2);

a financial investment is not to be regarded as a financial asset for the purposes of section   1076, 1077 or 1078, subsection   (1) does not apply to any return on the investment that the person actually earns, derives or receives.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback