Commonwealth Numbered Acts

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SOCIAL SECURITY LEGISLATION AMENDMENT ACT 1994 No. 63, 1994 - SECT 27

Certain assets to be disregarded in calculating the value of a person's assets
27. Section 1118 of the Principal Act is amended by omitting paragraph (1)(c)
and substituting the following paragraph:



"(c) the value of any life interest of the person other than:

        (i)    a life interest in the principal home of the person, of the
               person's partner or of both of them; or

        (ii)   a life interest created by the person, by the person's partner
               or by both of them; or

        (iii)  a life interest created on the death of the person's partner;".
               


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