Social Security Exempt Lump Sum (Climate Change Adjustment Program Re-establishment Grant) (DEEWR) Determination 2008 (Cth)

Social Security Exempt Lump Sum (Climate Change Adjustment Program Re-establishment Grant) (DEEWR) Determination 2008

Social Security Act 1991

I, Medha Kelshiker, Acting Assistant Secretary, Income Support Programme Branch, Department of Education, Employment and Workplace Relations and a delegate of the Secretary of the Department of Education, Employment and Workplace Relations, make this determination under paragraph 8(11)(d) of the Social Security Act 1991.

Dated      13 June  2008

Medha Kelshiker

Acting Assistant Secretary,

Income Support Programme Branch

Department of Education, Employment and Workplace Relations

Part 1        Preliminary

1   Name of determination

This Determination is the Social Security Exempt Lump Sum (Climate Change Adjustment Program Re-establishment Grant) (DEEWR) Determination 2008.

2   Commencement

This Determination commences on 1 July 2008.

3   Interpretation

In this Determination:

Act means the Social Security Act 1991;

Re-establishment Grant means a one off Climate Change Adjustment Program Re-establishment Grant of up to $150,000.00 made to a person by the Commonwealth Department of Agriculture, Fisheries and Forestry under the Australia’s Farming Future Initiative 2008.

Part 2        Exempt Lump Sums

4   Amount or class of amounts

(1) Paragraph 8(11)(d) of the Act provides that the Secretary may determine that an amount or class of amounts received by a person, is an exempt lump sum.

(2)       If a person receives a Re-establishment Grant, any amount of that grant received by the person is an exempt lump sum.

5   Application—Exempt Lump Sums

An amount received on or after the date of commencement of this Determination, by a person referred to in subsection 4(2) of this Determination, is an exempt lump sum for the purposes of paragraph 8(11)(d) of the Act from the date that the amount was received.