52ZZV
CurrentValue of company’s or trust’s assets etc
Volume 2Parts IIIB to VA, sections 46 to 93ZG
Part IIIBProvisions applying to service pension, income support supplement and veteran payment
Division 11AMeans test treatment of private companies and private trusts
Subdivision HAttribution of assets of controlled private companies and controlled private trusts
52ZZV Value of company’s or trust’s assets etc
(1)
For the purposes of this Subdivision, the value of a company’s or trust’s assets, or of a charge or encumbrance on such assets, is to be worked out as if:
(a)
each reference in sections 5L and 5LA to a person included a reference to a company or trust; and
(b)
Subdivision A of Division 11 (other than section 52D) had not been enacted.
(2)
Paragraph (1)(b) has effect subject to paragraph 52ZZR(1)(c).
This Act’s bill:Second reading speech
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