Document ID: chunk:federal_register_of_legislation:C2004A03539:body:0:p8
Version: federal_register_of_legislation:C2004A03539
Segment Type: other
Provision Reference: 
Character Range: 18727–21534

1958; or"; and
    (b) by omitting paragraph (10) (b) and substituting the following paragraph:

       "(b) the child is living with the person while the person is an Australian resident.".
Commencement: Immediately after the commencement of section 29 of the Social Security and Veterans' Entitlements Amendment Act 1987

(3) Section 3 of the Principal Act is amended by inserting after subsection (5) the following subsection:
"(5a) For the purposes of this Act, where a person who is qualified to receive an unemployment benefit or a sickness benefit is a married person whose spouse is not in receipt of a prescribed pension, the value of the property of, or of the property of a particular kind of, the person includes the value of the property of, or of the property of that kind of, the person's spouse.".
Commencement: Day of Royal Assent

(4) Section 3 of the Principal Act is amended by inserting in subsection (1) the following definitions in their respective alphabetical positions (determined on a letter-by-letter basis):
    " 'job search allowance' means a benefit under section 117a;
     'sickness benefit' means a benefit under section 117;
     'special benefit' means a benefit under Division 6 of Part XIII;
     'unemployment benefit' means a benefit under section 116;".
Commencement: 1 January 1988

8. After section 3 of the Principal Act the following section is inserted:

Treatment of certain income
"3a. (1) In this section:
     'accruing return investment' means an arrangement made by a person that consists of or includes an investment of money, being an investment:
         (a) that produces:
             (i) a fixed rate or quantifiable rate of return, whether or not that rate varies from time to time; or
             (ii) a rate of return that may be reasonably approximated; and
         (b) the value of which from time to time is unlikely to decrease as a result of market changes;
    'friendly society' means:
         (a) a society registered as a friendly society under a law in force in a State or Territory; or
         (b) a society that had, before 13 December 1987, been approved for the purposes of the definition of 'friendly society' in subsection 115 (1);
    'return', in relation to an investment, means any increase, whether of a capital or income nature, in the amount of the investment and, in

    the case of an investment of the kind referred to in subparagraph (a) (ii) of the definition of 'accruing return investment', means a reasonable approximation of such an increase.
"(2) Where a person makes, whether before or after the commencement of this subsection, an accruing return investment, being an investment to which subsections (3) and (5) do not apply, the person shall, for the purposes of this Act, be taken to receive the rate of