s 1118AB
In forceValue of person’s assets reduced: certain transactions to do with aged care accommodation bonds
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12, sections 1061ZVAA-1157
Chapter 3General provisions relating to payability and rates
Part 3.12General provisions relating to the assets test
Division 1Value of person’s assets
1118AB Value of person’s assets reduced: certain transactions to do with aged care accommodation bonds
(1)
This section applies to a person if Division 1D of Part 3.10 applies to the person.
(2)
For the purposes of this Act (other than sections 1124A, 1125, 1125A and 1126), the total value of the person’s assets is reduced by the person’s exempt bond amount (as defined by section 1099H).
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.