Document ID: chunk:federal_register_of_legislation:C2004A04149:body:0:p19
Version: federal_register_of_legislation:C2004A04149
Segment Type: other
Provision Reference: 
Character Range: 52569–55323

(b)     the nature and extent of the family relationships the person has in Australia; and

    (c)     the nature and extent of the person's employment, business or financial ties with Australia; and

    (d)     any other matter relevant to determining whether the person intends to remain permanently in Australia.".

Subsection 5h (8):

  Add at the end:

      "(zh) a payment received by the person for serving, or being summoned to serve, on a jury;

      (zi) a payment received by the person for expenses incurred by the person as a witness, other than an expert witness, before a court, tribunal or commission;

   (zj) a return on an exempt funeral investment.".

Subsection 5q (1):

  Insert:

" 'exempt funeral investment' means:

     (a) a type A funeral investment of not more than $5,000 (disregarding any return on the investment) that does not relate to a funeral:

       (i) to which another type A funeral investment relates; or

       (ii) to which a type B funeral investment relates; or

      (iii) expenses for which have been paid in advance; or

     (b) a type B funeral investment of not more than $5,000 (disregarding any return on the investment) that does not relate to a funeral:

       (i) to which another type B funeral investment relates; or

       (ii) to which a type A funeral investment relates; or

      (iii) expenses for which have been paid in advance;

'tax year' has the same meaning as 'year of income' has in the Income Tax Assessment Act;

   Note: section 6 of the Income Tax Assessment Act defines 'year of income' as the financial year (1 July to 30 June) or, if another accounting period has been adopted under section 18 of that Act instead of the financial year, that accounting period.

'type A funeral investment' means an investment:

   (a) that:

       (i) matures on the death of the investor; or

       (ii) matures on the death of the investor's partner; and

   (b)     that cannot be realised before maturity; and

   (c)     the return on which is not payable before maturity; and
SCHEDULE 3—continued

    (d) the amount paid on whose maturity is to be applied to the expenses of the funeral of the person on whose death it matures;

'type B funeral investment' means an investment:

  (a) made by:

      (i) a person who is a member of a couple; or

      (ii) both members of a couple; and

  (b) that matures on the death of:

      (i) whichever member of the couple dies first; or

      (ii) whichever member of the couple dies last; and

  (c)     that cannot be realised before maturity; and

  (d)     the return on which is not payable before maturity; and

    (e)     the amount paid on whose maturity is to be applied to the expenses of the funeral of a member of