Certain money and financial investments not taken into account
46L Certain money and financial investments not taken into account
The Minister may determine that:
specified financial investments; or
a specified class of financial investments;
are not to be regarded as financial assets for the purposes of section 46D or 46E.
If the Commission makes a determination under section 52Y in relation to a person, any unrealisable asset of the person or the person’s partner is not regarded as a financial asset for the purposes of section 46D or 46E.
A determination under subsection (1) must be in writing.
A determination under subsection (1) takes effect on the day on which it is made or on such other day (whether earlier or later) as is specified in the determination.
This Act’s bill:Second reading speech
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