Document ID: chunk:federal_register_of_legislation:C2004A01011:clause:1_11
Version: federal_register_of_legislation:C2004A01011
Segment Type: clause
Provision Reference: sch 1 cl 11
Character Range: 7662–8542

11  After subsection 5N(3)
Insert:

 (3AA) To avoid doubt, an amount that is paid or becomes payable by a person is not rent in relation to the person (either at the time when it is paid or becomes payable or at any later time) if the amount is, or forms part of, a special resident's entry contribution in relation to the person in respect of a retirement village under section 52M, whether the amount is paid or payable (whether wholly or partly) in a lump sum, by instalments or otherwise.

 (3AB) If the whole or any part of an amount that is not rent in relation to a person as mentioned in subsection (3AA) is, or will or may become, repayable to the person, any amount by which the amount so repayable is reduced is not rent in relation to the person (either at the time when the reduction occurs or at any later time).

Part 4—Amendments concerning telephone allowance