Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT 1990 No. 6, 1991 - SECT 8

8. Section 4C of the Principal Act is amended:

   (a)  by inserting in subsection (1) the following definition: " `entry
        contribution' has the same meaning as in section 4B;";

   (b)  by omitting subsection (3) and substituting the following subsection:

"(3) For the purposes of this section, there is no loan by a person:

   (a)  because the person has money in an account with a financial
        institution; or

   (b)  because of any entry contribution of the person.";

   (c)  by inserting after subsection (6) the following subsection:

"(6A) The Minister may, by notice in writing, determine that this section does
not apply to specified loans or a specified class of loans.".
Commencement: 22 August 1990