Commonwealth Consolidated Acts

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

SOCIAL SECURITY ACT 1991 - SECT 1084A

Valuation and revaluation of certain financial investments

    The total value of a person's listed securities and managed investments (being listed securities and managed investments that fluctuate depending on the market) (the relevant investments ) is determined in accordance with the following:

  (a)   an initial total valuation is to be given to the relevant investments on 1   July 1996, or when a new claim is determined, by the method set out in departmental guidelines;

  (b)   that total valuation continues in effect until the relevant investments are revalued by the method set out in departmental guidelines, and that revaluation must occur:

  (i)   on 20   March in each calendar year after 1996; and

  (ii)   on 20   September in each calendar year after 1996; and

  (iii)   when the person requests a revaluation of one or more of the person's listed securities and managed investments; and

  (iv)   following an event that affects the relevant investments and is the subject of a notice given under section   68 of the Administration Act.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback