Electing to have means not disclosed status
321 Electing to have means not disclosed status
An individual may, by written notice given to the System Governor, elect not to give any information to the System Governor for the purposes of determining the individual’s daily means tested amount.
The individual may make the election during the period:
starting on the individual’s start day; and
ending on the day immediately before the day the individual’s daily means tested amount is determined.
If the individual makes an election under subsection (1), the individual’s means not disclosed status takes effect on the individual’s start day and remains in effect until the day the individual withdraws the election in accordance with subsection (5).
While the election is in effect, the System Governor must not request the individual to give information for the purpose of determining:
the individual’s total assessable income under section 322; or
the value of the individual’s assets under section 329.
The individual may, by written notice given to the System Governor, withdraw the election.
This Act’s bill:Explanatory memorandumSecond reading speech
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