Veterans’ Entitlements (Income Exempt Lump Sum – North Korean internment Compensation) Determination 2015 (Cth)

Veterans’ Entitlements Act 1986

Veterans’ Entitlements (Income Exempt Lump Sum – North Korean internment Compensation) Determination 2015

Instrument 2015 No. R17

I, MARK HARRIGAN, delegate of the Repatriation Commission, hereby determine under paragraph 5H(12)(c) of the Veterans’ Entitlements Act 1986 (VEA) that the amount specified in Part 2 is an exempt lump sum for the purposes of the definition of “ordinary income” in subsection 5H(1) of the VEA. 

Dated this      2nd                 day of February   2015

Mark Harrigan

…………………………………………………………

MARK HARRIGAN

Part 1: Preliminary and Interpretation

1.1    Name of determination

This determination is the Veterans’ Entitlements (Income Exempt Lump     Sum – North Korean internment Compensation) Determination 2015.

1.2    Commencement

This determination commences on the day after registration.

1.3    Revocation

The Veterans’ Entitlements Income Exempt Lump Sum Determination        No. 7 of 2004 is revoked.

1.4    Definition

In this determination:

compensation payment means a compensation payment made under     Part 2 (Compensation payments for North Korean internment) of the Veterans’ Entitlements (Clarke Review) Act 2004.

Part 2: Exempt Lump Sum

2.1    If a person receives a compensation payment, then the amount is an          exempt lump sum.