Social Security Exempt Lump Sum Determination No. 1 of 1999 (Cth)

Commonwealth of Australia

Social Security Act 1991

Social Security Exempt Lump Sum

Determination No. 1 of 1999

I, Evan Mann, Assistant Secretary, Retirement Programs and a delegate of the Secretary to the Department of Family and Community Services, make this determination under paragraph 8(11)(d) of the Social Security Act 1991.

Dated             18 January   1999.

Evan Mann

Assistant Secretary, Retirement Programs

Part 1        Preliminary

1.1                   Name of determination

This determination is the Social Security Exempt Lump Sum Determination No. 1 of 1999.

1.2                   Commencement

This determination commences on the day on which it is signed.

1.3                   Definition

In this determination:

Act means the Social Security Act 1991.

Part 2        Exempt Lump Sums

2.1                   Amount or class of amounts

(1) Paragraph 8(11)(d) of the Act provides that an amount, or class of amounts, received by a person is an exempt lump sum if the amount, or class of amounts, is determined to be an exempt lump sum.

(2) Section 52A of the Farm Household Support Act 1992 provides for the Restart re-establishment grant scheme and for payment of a grant known as a re-establishment grant.

2.2                   Application—Exempt Lump Sums

It is appropriate to determine that an amount, or class of amounts, paid to a person, prior to 1 July 1998, and known as a re-establishment grant is an exempt lump sum for the purposes of paragraph 8(11)(d) of the Act from 1 July 1998.