SOCIAL SECURITY ACT 1991 - SECT 198MA Other disposals to be disregarded for care receiver assets test

SOCIAL SECURITY ACT 1991 - SECT 198MA

    This Division does not apply to a disposal by a person (the disposer ) of an asset of a child:

  (a)   more than 5 years before the carer became qualified for a carer payment because the carer was providing care for the child and the child was a care receiver or one of 2 or more care receivers; and

  (b)   less than 5 years before the time referred to in paragraph   (a) but before the time when the disposer could, in the Secretary's opinion, reasonably have expected that the carer would become qualified for carer payment because the carer was providing care for the child.

Note:   Subsections   198D(1B), (1D) and (1DB) provide that if a sole care child, a combined care child or a multiple care child lives with a parent, the assets listed in subsection   198D(1A) and paragraphs 198D(1C)(b) and (1DA)(c) are taken to be the assets of the child.