Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1208W

Net value of asset

             (1)  For the purposes of this Division, the net value of an asset is the value of the asset, without any reduction other than a reduction under subsection (2).

             (2)  The Secretary may, by writing, determine that the value of a specified asset is to be reduced by the whole or a specified part of a specified liability.

             (3)  A determination under this section has effect accordingly.

             (4)  In making a determination under this section, the Secretary must comply with any relevant decision-making principles.



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