Document ID: chunk:federal_register_of_legislation:F2024L01623:clause:1_1
Version: federal_register_of_legislation:F2024L01623
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 1784–2777

1  Subsection 44(1)
Repeal the subsection (not including the note), substitute:
 (1) For the purposes of subsection 44‑10(1) of the Transitional Provisions Act, and subject to subsections 44‑10(2), (3) and (4) of the Transitional Provisions Act, the value of a person's assets is the net value of the person's property (including property outside Australia) reduced by the following:
 (a) any compensation payments received by the person under the following:
 (i) the Compensation (Japanese Internment) Act 2001;
 (ii) the Veterans' Entitlements (Compensation—Japanese Internment) Regulations 2001;
 (iii) Part 2 of the Veterans' Entitlements (Clarke Review) Act 2004;
 (iv) Schedule 5 to the Social Security and Veterans' Affairs Legislation Amendment (One‑off Payments and Other 2007 Budget Measures) Act 2007;
 (b) any redress payment paid to the person, or to an administrator for the person, under section 48 of the National Redress Scheme for Institutional Child Sexual Abuse Act 2018.