Document ID: chunk:federal_register_of_legislation:C2016C00170:clause:3_118:p4
Version: federal_register_of_legislation:C2016C00170
Segment Type: clause
Provision Reference: sch 3 cl 118 (pt 4/5)
Character Range: 84687–87342

development of the young person; or
 (ii) is under a legal obligation to provide financial support in respect of the young person; and
 (b) in a subparagraph (a)(ii) case—the adult is not included in a class of people specified for the purposes of this paragraph in the Subsidy Principles; and
 (c) the young person is not:
 (i) in full‑time employment; or
 (ii) in receipt of a social security pension (within the meaning of the Social Security Act 1991) or a social security benefit (within the meaning of that Act); or
 (iii)  included in a class of people specified in the Subsidy Principles.
 (3) A reference in subsection (2) to a young person is a reference to any of the following:
 (a) a person under 16 years of age;
 (b) a person who:
 (i) has reached 16 years of age, but is under 25 years of age; and
 (ii) is receiving full‑time education at a school, college or university;
 (c) a person included in a class of people specified in the Subsidy Principles.
 (4) The reference in paragraph (2)(a) to care does not have the meaning given in the Dictionary in Schedule 1.
 (5) For the purposes of paragraph (b) of the definition of close relation in subsection (1), if one person is the child of another person because of the definition of child in this section, relationships traced to or through the person are to be determined on the basis that the person is the child of the other person.

44‑26C  Determination of value of person's assets

Making determinations
 (1) The Secretary must determine the value, at the time specified in the determination, of a person's assets in accordance with section 44‑26A, if the person:
 (a) applies in the approved form for the determination; and
 (b) gives the Secretary sufficient information to make the determination.
The time specified must be at or before the determination is made.
Note 1: Determinations are reviewable under Part 6.1.
Note 2: An application can be made under this section for the purposes of section 52J‑5: see subsection 52J‑5(3).

Giving notice of the determination
 (2) Within 14 days after making the determination, the Secretary must give the person a copy of the determination.

When the determination is in force
 (3) The determination is in force for the period specified in, or worked out under, the determination.
 (4) However, the Secretary may by written instrument revoke the determination if he or she is satisfied that it is incorrect. The determination ceases to be in force on a day specified in the instrument (which may be before the instrument is made).
Note: Revocations of determinations are reviewable under Part 6.1.
 (5) Within 14 days after revoking the