Social Security Exempt Lump Sum Determination No. 2 of 2000 (FACS) (Cth)

Commonwealth of Australia

Social Security Act 1991

Social Security Exempt Lump Sum

Determination No. 2 of 2000

I, Glenys McIver, Acting Assistant Secretary, Seniors and Means Test Branch 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             25 May   2000.

Glenys McIver

Acting Assistant Secretary, Seniors and Means Test Branch

Part 1        Preliminary

1.1                   Name of determination

This determination is the Social Security Exempt Lump Sum Determination No. 2 of 2000.

1.2                   Commencement

This determination commences on 1 July 2000.

1.3                   Definition

In this determination:

Act means the Social Security Act 1991.

Dairy exit payment means the grant of financial assistance payable under the DEP scheme.

DEP scheme means the scheme established under section 52C of the Farm Household Support Act 1992.

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 52C of the Farm Household Support Act 1992 provides for the DEP scheme and for payment of a grant of financial assistance known as a dairy exit payment.

2.2                   Application—Exempt Lump Sums

It is appropriate to determine that an amount, or class of amounts, paid to a person, on or after 1 July 2000, and known as a dairy exit payment is an exempt lump sum for the purposes of paragraph 8(11)(d) of the Act from 1 July 2000.