Statute
Section 1118AB — Social Security Act 1991: Value of person’s assets reduced: certain transactions to do with aged care accommodation bonds
Text of the provision Official document
(1) This section applies to a person if Division 1D of Part 3.10 applies to the person. (2) For the purposes of this Act (other than sections 1124A, 1125, 1125A and 1126), the total value of the person’s assets is reduced by the person’s exempt bond amount (as defined by section 1099H).
Official source: Federal Register of Legislation
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