Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1083

Actual return on financial assets not treated as ordinary income

             (1)  Subject to subsection (2), any return on a financial asset that a person actually earns, derives or receives is taken, for the purposes of this Act, not to be ordinary income of the person.

             (2)  If, because of:

                     (a)  a determination under subsection 1084(1); or

                     (b)  the operation of subsection 1084(2);

a financial investment is not to be regarded as a financial asset for the purposes of section 1076, 1077 or 1078, subsection (1) does not apply to any return on the investment that the person actually earns, derives or receives.



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