Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 2) 1992 No. 229, 1992 - SECT 52

52. Section 1069 of the Principal Act is amended by inserting after point
1069-B1 the following point: Assets test-exempt FA children

"1069-B1A. If:

   (a)  the value of the person's assets exceeds the amount referred to in
        paragraph 838(1)(d); and

   (b)  the person has an exempt FA child; any FA child of the person who is
        not an exempt FA child is to be disregarded for the purposes of
        working out the person's maximum basic rate under point 1069-B1.".