Commonwealth Numbered Acts

VETERANS' AFFAIRS LEGISLATION AMENDMENT ACT (No. 2) 1992 No. 228 of 1992 - SECT 79

79. The Earnings Credit Account Balance Calculator in section 49B of the
Principal Act is amended:

   (a)  by omitting from paragraph 49B-B1(b) "(other than a carer pension)";

   (b)  by inserting after point 49B-B2 the following point: People receiving
        carer service pension sometime between 1 January 1993 and 1 July 1993

"49B-B2A. If:

   (a)  a person is receiving a carer service pension on 1 July 1993; and

   (b)  the person commenced to receive the carer service pension before 1
        July 1993; there is to be added to the opening balance of the person's
        earning credit account on 1 July 1993:

   (c)  the sum of the earnings credits (if any) that the person has between 1
        January 1993 and 30 June 1993 while the person has been receiving
        carer service pension; and

   (d)  if the person:

        (i)    commenced to receive carer service pension on or after 1
               January 1993; and

        (ii)   immediately before commencing to receive the carer service
               pension, the person was receiving a service pension or a social
               security pension and had an earnings credit account balance
               under this Act or Division 4 of Part 3.10 of the Social
               Security Act; the amount of that account balance. Note 1:
               because the person could not take advantage of the earnings
               credit system between 1 January 1993 and 30 June 1993, the
               person cannot draw on the account during that period. Note 2:
               although the person does not have an earnings credit account
               until 1 July 1993, the person can have earnings credits (as
               defined by point 49B-C1) for the earnings credit accounting
               periods (as defined by point 49B-A6) that fall between 1
               January 1993 and 30 June 1993.";

   (c)  by omitting from paragraph 49B-B3(b) "(other than a carer pension)".