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CHILD CARE PAYMENTS ACT 1997 No. 195 of 1997 - SECT 29

Assets test--indexation of assets limit (1) The amount specified in subsection 27(1) is to be indexed.

(2) The Minister may, in writing, before the day on which the amount is first indexed, determine that a higher amount is to be substituted for that amount. The determination has effect accordingly.

(3) A determination under subsection (2) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 .

(4) The regulations may prescribe:

(5) Regulations made for the purposes of this section may adopt a provision or provisions of the Social Security Act 1991 , with or without modification.

(6) If an amount (the indexable amount ) is indexed in accordance with the regulations, subsection 27(1) has effect as if the new amount (as indexed) were substituted for the indexable amount on the day when the indexation takes effect.



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