Document ID: chunk:federal_register_of_legislation:C2019A00005:clause:3_51:p1
Version: federal_register_of_legislation:C2019A00005
Segment Type: clause
Provision Reference: sch 3 cl 51 (pt 1/2)
Character Range: 79609–82237

51  Application and transitional provisions
(1) The amendments of section 1121 of the Social Security Act 1991 made by this Schedule apply in relation to working out the value of a person's assets for days occurring in an instalment period that begins on or after the commencement of this item (whether the person became a participant in the pension loans scheme before, on or after that commencement).
(2) The amendments of section 1133 of the Social Security Act 1991 made by this Schedule apply in relation to working out whether a person is qualified to participate in the pension loans scheme in relation to days occurring on or after the commencement of this item.
(3) The amendments of section 1134 of the Social Security Act 1991 made by this Schedule apply in relation to an instalment period that begins on or after the commencement of this item.
(4) Subsection 1135A(1) of the Social Security Act 1991, as affected by subsection 1135A(3) of that Act (as substituted by this Schedule), applies in relation to the following:
 (a) a person who becomes a participant in the pension loans scheme on or after the commencement of this item;
 (b) a person who was a participant in the pension loans scheme immediately before that commencement.
(5) For the purposes of Division 4 of Part 3.12 of the Social Security Act 1991, an amount that is a guaranteed amount immediately before the commencement of this item is taken on and after that commencement to be a nominated amount.
(6) Subitem (5) does not affect the operation of subsection 1137(1) of the Social Security Act 1991 in relation to the nominated amount.
Note: That subsection allows a person to change the nominated amount.
(7) Section 1137A of the Social Security Act 1991, as inserted by this Schedule, applies in relation to working out whether a benefit is to be provided to a person in relation to days occurring on or after the commencement of this item.
(8) The amendment of subsection 1140(1) of the Social Security Act 1991 made by this Schedule applies in relation to real assets that cease to be real assets on or after the commencement of this item (whether the charge arose under section 1138 of that Act before, on or after that commencement).
(9) Subsection 1140(2A) of the Social Security Act 1991, as inserted by this Schedule, applies in relation to the disposal of real assets on or after the commencement of this item (whether the charge arose under section 1138 of that Act before, on or after that commencement).
(10) Section 1141A of the Social Security Act 1991, as inserted by this Schedule, applies in relation to a person's participation