Document ID: chunk:federal_register_of_legislation:C2004A04148:body:0:p6
Version: federal_register_of_legislation:C2004A04148
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III.

Division 3—Transitional (1990 Budget)

Fringe benefits test—interest attributed to money not invested or invested at a low rate of interest (changes introduced on 1 March 1991)

  17. If a person:

    (a)     was not a prescribed person within the meaning of section 82 of the Principal Act on 28 February 1991; and

    (b)    would have been a prescribed person on that day if the amendments made by subsection 54 (1) of the Veterans' Affairs Legislation Amendment Act 1991 (interest attributed to money not invested or invested at a low rate of interest) had been in force on that day;

then, for the purposes of the Principal Act and other laws of the Commonwealth, the person is taken to be eligible for fringe benefits under Division 15 of the Principal Act if:

    (c)     the person would not, at any time between 28 February and 1 July 1991, have become a prescribed person within the meaning of section 82 if the amendments referred to in paragraph (b) had not been made; and

    (d)     the person would not, at any time after 30 June 1991, cease to be eligible for fringe benefits under Division 15 of the Principal Act if that Act did not contain Division 8a of Part III.

PART 3—INDEXATION AMENDMENTS OF THE VETERANS' ENTITLEMENTS ACT 1986

Indexation amendments

  18. The Principal Act is amended as set out in Schedule 1.

PART 4—1990 BUDGET AMENDMENTS OF THE VETERANS' ENTITLEMENTS ACT 1986

1990 Budget amendments

  19. The Principal Act is further amended as set out in Schedule 2.

PART 5—CONSEQUENTIAL AMENDMENTS OF THE VETERANS' ENTITLEMENTS ACT 1986

Consequential amendments of the Veterans' Entitlements Act 1986

  20. The Principal Act is further amended as set out in Schedule 3.

PART 6—CONSEQUENTIAL AMENDMENTS OF OTHER ACTS

Consequential amendments of other Acts

21. The Acts specified in Schedule 4 are amended as set out in that Schedule.

PART 7—MINOR AMENDMENTS OF THE VETERANS' ENTITLEMENTS ACT 1986

Minor amendments of the Veterans' Entitlements Act 1986

  22. The Principal Act is further amended as set out in Schedule 5.

                  SCHEDULE 1 Section 18

INDEXATION AMENDMENTS OF THE VETERANS' ENTITLEMENTS ACT 1986

After section 5n:

  Insert:

Indexation and rate adjustment definitions

"5na. (1) In this Act, unless the contrary intention appears: 'current figure', as at a particular time and in relation to an amount that is to be indexed or adjusted under Division 21 of Part III, means:

     (a)     if the amount has not yet been indexed or adjusted under Division 21 before that time—the amount; and

     (b)    if the amount has been indexed or adjusted under Division 21 before that time—the amount most recently substituted for the amount under Division 21 before that time;

index number', in