Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 1) 1996 No. 57, 1996 - SCHEDULE 1

Schedule 1-Amendment of the Social Security Act 1991
relating to amounts received from the
Mark Fitzpatrick Trust
1 After section 1118 Insert: 1118AA Value of assets reduced by amounts
received from Mark Fitzpatrick Trust

(1) In this section: application day, in relation to a person who was a
recipient of a social security payment immediately before 28 September 1995,
means the day, on or after that date, on which the person applied or applies
for review of the rate of that social security payment because of the expected
enactment, or the operation, of this section.

(2) Subject to subsection (3), the value of a person's assets for the purposes
of this Act (other than subparagraph 263(1)(d)(iv) and sections 1124A, 1125,
1125A and 1126) is reduced by the sum of any amounts received by the person
from the Mark Fitzpatrick Trust.

(3) Subsection (2) has effect, or is taken to have had effect, as the case may
be:

   (a)  for a person who was a recipient of a social security pension
        immediately before 28 September 1995-on the first pension payday after
        the application day; or

   (b)  for a person who was a recipient of a social security payment other
        than a social security pension immediately before 28 September 1995-on
        the next day, after the application day, on which the person received
        or receives an instalment of the payment; or

   (c)  for a person who became or becomes a recipient of a social security
        payment on or after 28 September 1995-on the day on which the person
        received or receives the first instalment of the payment.