Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1118AB

Value of person's assets reduced: certain transactions to do with aged care accommodation bonds

  (1)   This section applies to a person if Division   1D of Part   3.10 applies to the person.

  (2)   For the purposes of this Act (other than sections   1124A, 1125, 1125A and 1126), the total value of the person's assets is reduced by the person's exempt bond amount (as defined by section   1099H).

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