Section 198K — Veterans' Entitlements Act 1986: 1 July 2000 increase in assets test free area

(1) This section applies to an amount (the base amount) that is provided for in: (a) item 1 or 2 of column 3A of the table in point SCH6-F3; or (b) item 2 of column 3B of the table in point SCH6-F3. (2) This Act has effect as if, on 1 July 2000, the base amount were replaced by an amount (the replacement amount) worked out by: (a) calculating the amount (the provisional replacement amount) that is 2.5% greater than the base amount; and (b) rounding off the provisional replacement amount in accordance with section 198M, using a rounding base of $250.00. (3) For the purposes of subsection (1), the base amount is to include any indexation that occurs on 1 July 2000 under Division 18 of Part IIIB.