Section 52N — Veterans' Entitlements Act 1986: Extra allowable amount

Retirement village residence taken up before 12 June 1989 (1) If a retirement village resident became entitled to take up residence in the retirement village before 12 June 1989, the resident’s extra allowable amount is: (a) if the resident is not a member of a couple—$64,000; or (b) if the resident is a member of an illness separated couple—$64,000; or (c) in any other case—$32,000. Retirement village residence taken up on or after 12 June 1989 (2) If a retirement village resident became entitled to take up residence in the retirement village on or after 12 June 1989, the resident’s extra allowable amount is: (a) if the resident is not a member of a couple—the amount that, as at the time when the person becomes entitled to take up that residence, is the difference between the single property owner AVL and the single non-property owner AVL; or (b) if the resident is a member of an illness separated couple—the amount that, as at the time when the person becomes entitled to take up that residence, is the difference between the single AVL and the single non-property owner AVL; or (c) in any other case—the amount that, as at the time when the person becomes entitled to take up that residence, is the difference between the partnered property owner AVL and the partnered non-property owner AVL. Granny flat residence (2A) A granny flat resident’s extra allowable amount is: (a) if the resident is not a member of a couple—the amount that, as at the time when the resident becomes entitled to the granny flat interest, is the difference between the pension single property owner AVL and the pension single non-property owner AVL; or (b) if the resident is a member of an illness separated couple—the amount that, as at the time when the resident becomes entitled to the granny flat interest, is the difference between the pension single property owner AVL and the pension single non-property owner AVL; or (c) in any other case—the amount that, as at the time when the resident becomes entitled to the granny flat interest, is the difference between the pension partnered property owner AVL and the pension partnered non-property owner AVL. Sale leaseback home (2B) A sale leaseback resident’s extra allowable amount is: (a) if the resident is not a member of a couple—the amount that, as at the time when the sale leaseback agreement is entered into, is the difference between the pension (single) property owner AVL and the pension (single) non-property owner AVL; or (b) if the resident is a member of an illness separated couple—the amount that, as at the time when the sale leaseback agreement is entered into, is the difference between the pension (single) property owner AVL and the pension (single) non-property owner AVL; or (c) in any other case—the amount that, as at the time when the sale leaseback agreement is entered into, is the difference between the pension (partnered) property owner AVL and the pension (partnered) non-property owner AVL. (3) For the purposes of this section, a person becomes entitled to take up residence in a retirement village when the person becomes entitled to take up residence in a retirement village pursuant to the agreement under which the person’s current right to live in the retirement village arises. (4) In this section, pension “single” property owner AVL, pension “single” non-property owner AVL, pension “partnered” property owner AVL and pension “partnered” non-property owner AVL have the same meaning as in Division 18.