Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 2) 1991 No. 115, 1991 - SECT 44

44. Section 9 of the Principal Act is amended by inserting after subsection
(2) the following subsection:

"(3) Where a person:

   (a)  was not a prescribed person within the meaning of section 251A of the
        Principal Act at any time after 21 August 1990 and before 28 March
        1991; and

   (b)  would have been a prescribed person on that day but for the person
        having invested the person's available money (within the meaning of
        section 4D of the Principal Act), or reinvested the person's deposit
        money (within the meaning of section 4D of the Principal Act), in:

   (i)  an account with a financial institution; or

   (ii) a loan, including a loan by way of debentures, bonds or other
        securities; or

   (iii) an accruing return investment; or

   (iv) a market-linked investment; or

   (v)  an immediate annuity; or

   (vi) shares; (within the meaning of the Principal Act) in anticipation of,
        or because of, the amendments made by subsection (1); then for the
        purposes of this Act and other laws of the Commonwealth, the person
        does not become a prescribed person until he or she would have become
        so if the amendments had not been made.".