Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1111
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1111
Character Range: 2146436–2147247

1111  Dispositions more than 5 years old to be disregarded
  This Division does not apply to a disposition of ordinary income that took place:
 (a) more than 5 years before the time when:
 (i) the person who disposed of the ordinary income; or
 (ii) if the person who disposed of the ordinary income was, at the time of disposition, a member of a couple—the person's partner;
  became qualified for a social security pension; 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 ordinary income could reasonably have expected that the person or the person's partner would become qualified for such a pension.

Part 3.12—General provisions relating to the assets test

Division 1—Value of person's assets