Section 198L — Veterans' Entitlements Act 1986: 1 July 2000 increase in income/assets reduction limit

(1) This section applies to an amount (the base amount) that is provided for in column 3 or 5 of the table in subsection 53E(2). (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 $2.60.