Federal Register of Legislation - Australian Government

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No. R15/2016 Determinations/Veterans' Entitlements as made
This determination ensures that payments made by insurance companies to Department of Veterans’ Affairs clients in receipt of service pension or income support supplement on death or terminal illness will not be regarded as income under the income test provisions of the Veterans' Entitlements Act 1986.
Administered by: Veterans' Affairs
Registered 16 Mar 2016
Tabling HistoryDate
Tabled HR17-Mar-2016
Tabled Senate18-Apr-2016



Veterans’ Entitlements Act 1986


Veterans’ Entitlements (Exempt Lump Sum – Life Insurance Payouts) Determination 2016


Instrument 2016 No. R15


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






Dated this       15th                 day of              March              2016












Mark Harrigan



Part 1: Preliminary and Interpretation

1       Name of determination

            This determination is the Veterans’ Entitlements (Exempt Lump Sum – Life Insurance Payouts) Determination 2016.

2       Commencement

This determination is taken to have commenced on 1 July 2015.

3       Definition

            In this determination:


“income support supplement” means the payment called the income support supplement payable under Part IIIA of the VEA;


“life insurance payout” means a payment made to a person upon death or terminal illness of another person pursuant to a policy of insurance held by the first person;

“service pension” has the meaning given to service pension in subsection 5Q(1) of the VEA.


Part 2: Exempt Lump Sum

4       Life Insurance Payouts – exempt lump sums

If a person or a person’s partner receives a life insurance payout and the person is eligible for, or in receipt of a service pension or income support supplement, then the amount of the life insurance payout received by the person or the person’s partner is an exempt lump sum.