Commonwealth of Australia
VETERANS’ ENTITLEMENT ACT 1986
Veterans’ Entitlements Income Exempt Lump Sum
Determination No. 1 of 2003
I, ROBERT TURNER, Acting Branch Head, Income Support Branch and delegate of the Repatriation Commission, hereby determine the “amount or one of a class of amounts” specified in Part 2 of the attached Schedule to this instrument to be an “exempt lump sum” in accordance with paragraph 5H(12)(c) of the Veterans’ Entitlements Act 1986.
Dated this 25th day of March 2003
ROBERT TURNER
Delegate
Veterans’ Entitlements Income Exempt Lump Sum
Determination No.1 of 2003
Schedule
Part 1: Preliminary and Interpretation
1.1 NAME OF DETERMINATION
This determination is the Veterans’ Entitlements Income Exempt Lump Sum Determination No. 1 of 2003
1.2 COMMENCEMENT
This determination commences on the date it is signed.
1.3 DEFINITIONS
In this determination:
“Act” means the Veterans’ Entitlements Act 1986
“exit assistance” means the one-off payment of financial assistance made by the Commonwealth of up to $45,000 for growers in the sugar industry as announced on 25 September 2002 by the Hon. Warren Truss MP, Minister for Agriculture, Fisheries and Forestry.
PART 2: Exempt Lump Sums
2.1 Amount or Class of Amounts
Paragraph 5H(12)(c) OF THE Act provides that an amount, or class of amounts, received by a person is an exempt lump sum if the amount, or class of amounts, is determined to be a lump sum.
2.2 Application- Exempt Lump Sums
It is appropriate to determine that an amount, or class of amounts, paid to a person, on or after the announcement on 25 September 2002 of the one-off payment of exit assistance is an exempt lump sum for the purposes of paragraph 5H(12)(c) of the Act from the date that the one-off payment is made to the person.