Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 198G

Amount of disposition--care receiver assets test

                   If a person disposes of assets, the amount of the disposition is:

                     (a)  if the person receives no consideration for the destruction, disposal or diminution--an amount equal to:

                              (i)  the value of the assets that are destroyed; or

                             (ii)  the value of the assets that are disposed of; or

                            (iii)  the amount of the diminution in the value of the assets whose value is diminished; or

                     (b)  if the person receives consideration for the destruction, disposal or diminution--an amount equal to:

                              (i)  the value of the assets that are destroyed; or

                             (ii)  the value of the assets that are disposed of; or

                            (iii)  the amount of the diminution in the value of the assets whose value is diminished;

                            less the amount of the consideration received by the person in respect of the destruction, disposal or diminution.



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