Commonwealth Consolidated Acts

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VETERANS' ENTITLEMENTS ACT 1986 - SECT 46M

Valuation and revaluation of certain financial investments

    The total value of a person's listed securities and managed investments (being listed securities and managed investments that fluctuate depending on the market) (the relevant investments ) is determined in accordance with the following:

  (a)   an initial total valuation is to be given to the relevant investments on 1   July 1996, or when a new claim is determined, by the method set out in departmental guidelines;

  (b)   that total valuation continues in effect until the relevant investments are revalued by the method set out in departmental guidelines, and that revaluation must occur:

  (i)   on 20   March in each calendar year after 1996; and

  (ii)   on 20   September in each calendar year after 1996; and

  (iii)   when the person requests a revaluation of one or more of the person's listed securities and managed investments; and

  (iv)   following an event that affects the relevant investments and is the subject of a recipient notification notice.



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