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VETERANS' ENTITLEMENTS ACT 1986 - SECT 53E

Veterans to satisfy certain conditions

             (1)  This section applies to a veteran if:

                     (a)  the veteran is permanently blind; or

                     (b)  the veteran's rate of service pension is neither income reduced nor assets reduced; or

                     (c)  the veteran's rate of service pension is either income reduced or assets reduced, but the reduction does not exceed the income/assets reduction limit applicable to the veteran.

Note:          For income/assets reduction limit see subsection (2).

             (2)  The income/assets reduction limit applicable to a veteran is worked out by using Table 53E. Work out which item in the table applies to the veteran by identifying his or her family situation. The applicable income/assets reduction limit is the amount in column 3 of that item.

 

Table 53E--Income/Assets Reduction Limit

Column 1

Item

Column 2

Family situation

Column 3

Basic reduction per year

Column 4

Basic reduction per fortnight

1

Not a member of a couple

$1,924

$74

2

Partnered

$1,664

$64

Note 1:       For member of a couple and partnered see section 5E.

Note 3:       Members of illness separated and respite care couples are covered by item 2 of the table.

Note 4:       The basic reduction and additional reduction are indexed 6 monthly in line with CPI increases (see sections 59B to 59E).

             (3)  If, on a particular day:

                     (a)  the annual rate of a veteran's ordinary income increases; and

                     (b)  as a result of the increase, the veteran's rate of service pension is income reduced by an amount that is not more than 150% of the income/assets reduction limit applicable to the veteran;

this section continues to apply to the veteran until:

                     (c)  the end of the period of 13 weeks starting on that day; or

                     (d)  the reduction exceeds 150% of the income/assets reduction limit applicable to the veteran;

whichever happens first.



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