Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT 1992 No. 81, 1992 - SECT 51

51. Section 1099B of the Principal Act is amended in the Method statement:

   (a)  by inserting after Step 2 the following Note: "Note: for the treatment
        of the money of members of a couple see subsection (2A).";

   (b)  by inserting after Step 3 the following Note: "Note: for the treatment
        of the money of members of a couple see subsection (2B).";

   (c)  by inserting after Step 4 the following Note: "Note: for the treatment
        of the money of members of a couple see subsection (2C).";

   (d)  by inserting after subsection (2) the following subsections:

"(2A) If a person is a member of a couple, to work out the amount of the
person's available money:

   (a)  add the person's available money (if any) and the person's partner's
        available money (if any); and

   (b)  divide the result by 2.

"(2B) If a person is a member of a couple, to work out the amount of the
person's deposit money that does not attract interest:

   (a)  add the person's deposit money (if any) that does not attract interest
        and the person's partner's deposit money (if any) that does not
        attract interest; and

   (b)  divide the result by 2.

"(2C) If a person is a member of a couple, to work out the amount of the
person's deposit money that attracts a particular rate of interest:

   (a)  add the person's deposit money (if any) that attracts that rate of
        interest and the person's partner's deposit money (if any) that
        attracts that rate of interest; and

   (b)  divide the result by 2.".