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StatuteVeterans' Entitlements Act 1986

Section 46K — Veterans' Entitlements Act 1986: Actual return on financial assets not treated as ordinary income

Text of the provision Official document

(1) Subject to subsection (2), any return on a financial asset that a person actually earns, derives or receives is taken, for the purposes of this Act, not to be ordinary income of the person. (2) If, because of: (a) a determination under subsection 46L(1); or (b) the operation of subsection 46L(1A); a financial investment is not to be regarded as a financial asset for the purposes of section 46D or 46E, subsection (1) of this section does not apply to any return on the investment that the person actually earns, derives or receives.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.