Families, Community Services and Indigenous Affairs Legislation Amendment (Child Support Reform Consolidation and Other Measures) Act 2007 (82 of 2007)
Schedule 10 Extension of the assets test exemption period
Social Security Act 1991
1 Paragraph 11(4)(c)
Repeal the paragraph, substitute:
(c) a person (whether a member of a couple or not) is a homeowner while:
(i) the whole or a part of the proceeds of the sale of the person's principal home are disregarded under subsection 1118(2); or
(ii) the value of a residence, land or a structure is disregarded under subsection 1118(2).
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
