Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1127

Disposition more than 5 years old to be disregarded

                   This Division does not apply to a disposition of an asset that took place:

                     (a)  more than 5 years before the time when:

                              (i)  the person who disposed of the asset; or

                             (ii)  if that person was, at the time when the disposition took place, a member of a couple--the person's partner; or

                            (iii)  if that person was, at that time, a family member of another person who is receiving or claiming youth allowance and is not independent--the other person;

                            became qualified for a social security pension or a social security benefit; or

                     (b)  less than 5 years before the time referred to in paragraph (a) and before the time when the Secretary is satisfied that the person who disposed of the asset could reasonably have expected that the person, the person's partner or the other person, as the case may be, would become qualified for such a pension or benefit.



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