Invalid and Old-age Pensions Regulations (Amendment) (Cth)

STATUTORY RULES.

1925. No. 176.

 

REGULATION UNDER THE INVALID AND OLD-AGE PENSIONS ACT 1908-1923.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Invalid and Old-age Pensions Act 1908-1923, to comeinto operation forthwith.

Dated this twenty-eighth day of October, 1925.

STONEHAVEN,

Governor-General.

By His Excellency’s Command,

EARLE PAGE,

Treasurer.

 

Amendment of the Invalid and Old-age Pensions Regulations.

(Statutory Rules 1915, No. 254, as amended to this date.)

After regulation 12a of the Invalid and Old-age Pensions Regulations the following regulation is inserted:—

“12b. Where a claimant or pensioner sells his home on terms and purchases another home also on terms and uses instalments received by him from the sale of the first mentioned home to pay the purchase money on the last mentioned home, the amount of the balance due from time to time on the last mentioned home may, in assessing the net capital value of the accumulated property of the claimant or pensioner, be allowed as a deduction from the amount due to the claimant or pensioner in respect of the sale of the first mentioned home.”.

 

Printed and Published for the Government of the Commonwealth of Australia by H. J. Green, Government Printer for the State of Victoria.

C.15949.—Price 3d.