Commonwealth Consolidated Acts

SOCIAL SECURITY ACT 1991 - SECT 198G

    If a person disposes of assets, the amount of the disposition is:

  (a)   if the person receives no consideration for the destruction, disposal or diminution--an amount equal to:

  (i)   the value of the assets that are destroyed; or

  (ii)   the value of the assets that are disposed of; or

  (iii)   the amount of the diminution in the value of the assets whose value is diminished; or

  (b)   if the person receives consideration for the destruction, disposal or diminution--an amount equal to:

  (i)   the value of the assets that are destroyed; or

  (ii)   the value of the assets that are disposed of; or

  (iii)   the amount of the diminution in the value of the assets whose value is diminished;

    less the amount of the consideration received by the person in respect of the destruction, disposal or diminution.