Commonwealth Consolidated Acts

VETERANS' ENTITLEMENTS ACT 1986 - SECT 52G

  (1)   If, on or after 1   March 1986 and before 1   July 2002:

  (a)   a person who is not a member of a couple has, during a pension year of the person, disposed of assets of the person; and

  (b)   the amount of that disposition of assets, or the sum of that amount and of the amounts (if any) of other dispositions of assets previously made by the person during that pension year, exceeds $10,000;

then, for the purposes of this Act, there is to be included in the value of the person's assets for the period of 5 years that starts on the day on which the disposition takes place:

  (c)   the amount by which the sum of the amount of the first - mentioned disposition of assets, and of the amounts (if any) of other dispositions of assets previously made by the person during that pension year, exceeds $10,000; or

  (d)   the amount of the first - mentioned disposition of assets;

whichever is the lesser amount.