Document ID: chunk:federal_register_of_legislation:C2015C00322:clause:7_5
Version: federal_register_of_legislation:C2015C00322
Segment Type: clause
Provision Reference: sch 7 cl 5
Character Range: 87684–89021

5  Application provisions
(1) The amendments made by items 1 to 4 apply in relation to working out whether a person is qualified for a seniors health card on a day occurring on or after the commencement of those items.
(2) However, if:
 (a) a person held a seniors health card under Division 2 of Part 2A.1 of the Social Security Act 1991 immediately before 1 January 2015; and
 (b) either:
 (i) an asset‑tested income stream (long term), that is an account‑based pension within the meaning of the Superannuation Industry (Supervision) Regulations 1994, was being provided to the person immediately before 1 January 2015; or
 (ii) an asset‑tested income stream (long term), that is an annuity (within the meaning of the Superannuation Industry (Supervision) Act 1993) provided under a contract that meets the standards determined in an instrument under subparagraph 1099DAA(1)(b)(ii) of the Social Security Act 1991, was being provided to the person immediately before 1 January 2015;
the amendments made by items 1 to 4 do not apply in relation to the person and that asset‑tested income stream (long term).
(3) Subitem (2) ceases to apply to the person at the end of the first day on which the person ceases to hold a seniors health card under Division 2 of Part 2A.1 of the Social Security Act 1991.

Veterans' Entitlements Act 1986