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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