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Instrument 2022 No. R33 Principles as made
This instrument amends the Veterans’ Entitlements (Asset-test Exempt Income Stream (Market-linked) — Payment Factors) Principles 2005 to ensure consistency with the amendments made to the Superannuation Industry (Supervision) Regulations 1994 and the Retirement Savings Accounts Regulations 1997 which extended the reduction to halve the minimum payment amounts that apply to account-based annuities and pensions, allocated annuities and pensions, and market linked annuities and pensions by including the 2022-23 financial year.
Administered by: Veterans' Affairs
Registered 01 Aug 2022
Tabling HistoryDate
Tabled HR02-Aug-2022
Tabled Senate03-Aug-2022
To be repealed 24 Nov 2022
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003

 

Commonwealth Coat of Arms of Australia

 

Repatriation Commission

 

Veterans’ Entitlements (Asset‑test Exempt Income Stream (Market-linked) — Payment Factors) Principles Amendment Instrument 2022

 

Instrument 2022 No. R33

 



 

I, Simon Hill, as delegate of the Repatriation Commission make this instrument under subsection 5JBA(5A) of the Veterans’ Entitlements Act 1986.

 

 

Dated this               29th          of         July                          2022

 

 

 

                                               

 

 

…      …Simon Hill……………………

SIMON HILL

Assistant Secretary

Policy Development Branch

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

1  Name

This instrument is the Veterans’ Entitlements (Asset‑test Exempt Income Stream (Market-linked) — Payment Factors) Principles Amendment Instrument 2022.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1. The whole of this instrument

The day after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

This instrument is made under subsection 5JBA(5A) of the Veterans’ Entitlements Act 1986.

4  Schedule

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

 


Schedule – Amendments

 

Veterans’ Entitlements (Asset‑test Exempt Income Stream (Market-linked) — Payment Factors) Principles 2005

1        Subsection 2.1(1A)

                   Omit “ or 1 July 2021”, substitute “, 1 July 2021 or 1 July 2022”.