Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1118:p4
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1118 (pt 4/6)
Character Range: 2154336–2157001

the person's principal home, the land will, under section 11A, be included in a reference to the principal home; and
 (ii) the value of any other structure, on that land, that is to be the person's principal home to the extent that the structure was built before the person began applying the payments.
 (1AC) For the purposes of paragraph (1)(sa), the amount worked out under subsection (1AB) may be disregarded during the period:
 (a) beginning when the payments are received; and
 (b) ending at the earlier of the following times:
 (i) 12 months, or such longer period as the Secretary determines for any special reason, after that time;
 (ii) when the building, rebuilding, repair or renovation of the building or plant is complete.

NDIS amounts
 (1AD) For the purposes of paragraph (1)(sb), the amount that may be disregarded is the value of the sum of:
 (a) the NDIS amounts received by the person; and
 (b) any return on those amounts that the person earns, derives or receives;
less the sum of the amounts spent by the person in accordance with an NDIS plan (whether in the person's capacity as an NDIS participant or as a person managing the funding under an NDIS plan for an NDIS participant).

Definitions
 (1A) In this section:
native title rights and interests means:
 (a) native title rights and interests within the meaning of section 223 of the Native Title Act 1993;
 (b) any rights and interests of a similar nature under any law of a State, a Territory or a foreign country (whether or not the rights and interests relate to land or waters outside Australia);
but, to avoid any doubt, does not include any right or interest in a lease or licence, or in a freehold estate.
partially asset‑test exempt income stream means:
 (a) an asset‑test exempt income stream that:
 (i) is an income stream (other than a defined benefit income stream or a military invalidity pension income stream) covered by subsection 9A(1) or (1A), 9B(1) or 9BA(1); and
 (ii) has a commencement day during the period from 20 September 2004 to 19 September 2007 (both dates inclusive); and
 (iii) is not covered by principles (if any) determined for the purposes of this subparagraph, by legislative instrument, by the Secretary; or
 (b) an income stream that:
 (i) has a commencement day happening on or after 20 September 2007; and
 (ii) is covered by principles determined for the purposes of this subparagraph, by legislative instrument, by the Secretary.

Application of proceeds of sale of principal home
 (1B) Subsection (2) applies if:
 (a) a person sells the person's principal home; and
 (b) either:
 (i) the person does not have a right or interest in a principal