Document ID: chunk:federal_register_of_legislation:C2024C00866:section:46l
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 46L
Character Range: 683255–683996

46L  Certain money and financial investments not taken into account
 (1) The Minister may determine that:
 (a) specified financial investments; or
 (b) a specified class of financial investments;
are not to be regarded as financial assets for the purposes of section 46D or 46E.
 (1A) If the Commission makes a determination under section 52Y in relation to a person, any unrealisable asset of the person or the person's partner is not regarded as a financial asset for the purposes of section 46D or 46E.
 (3) A determination under subsection (1) must be in writing.
 (4) A determination under subsection (1) takes effect on the day on which it is made or on such other day (whether earlier or later) as is specified in the determination.