Veterans' Entitlements Act 1986

For the purposes of this Part, if:

either:

a person has, during a designated year of the person, disposed of an asset of the person; or

the partner of a person has, during a designated year of the person, disposed of an asset of the partner; and

the amount of that disposition, or the sum of that amount and of the amounts (if any) of other dispositions of assets previously made by the person and/or the person’s partner during that designated year, exceeds $10,000;

Designated year is defined by subsection (3).

This section applies only to dispositions of assets that took place before 1 July 2002.

For the purposes of this Part, if:

a person ceases to be a member of a couple (whether because of the death of the person’s partner or for any other reason); and

immediately before the cessation, the person was subject to a particular disposal preclusion period that arose wholly because the person’s partner disposed of a particular asset; and

if that disposition had been disregarded, the person would not have been subject to that disposal preclusion period;

For the purposes of this section, a designated year of a person is:

the 12‑month period ending on the person’s special date of eligibility for a designated pension; and

each preceding 12‑month period; and

each succeeding 12‑month period.

This section applies to a disposal even if the disposal took place before the commencement of this section.

No period after 30 June 2002 is, or is a part of, a designated year of a person. If, apart from this subsection, a period beginning before 1 July 2002 and ending on or after that date would be a designated year of a person, the part of that period that ends immediately before that date is taken to be a designated year of the person.