Section 53E — Veterans' Entitlements Act 1986: Veterans to satisfy certain conditions

(1) This section applies to a veteran if: (a) the veteran is permanently blind; or (b) the veteran’s rate of service pension is neither income reduced nor assets reduced; or (c) the veteran’s rate of service pension is either income reduced or assets reduced, but the reduction does not exceed the income/assets reduction limit applicable to the veteran. Note: For income/assets reduction limit see subsection (2). (2) The income/assets reduction limit applicable to a veteran is worked out by using Table 53E. Work out which item in the table applies to the veteran by identifying his or her family situation. The applicable income/assets reduction limit is the amount in column 3 of that item. Table 53E—Income/Assets Reduction Limit Column 1 Item Column 2 Family situation Column 3 Basic reduction per year Column 4 Basic reduction per fortnight 1 Not a member of a couple $1,924 $74 2 Partnered $1,664 $64 Note 1: For member of a couple and partnered see section 5E. Note 3: Members of illness separated and respite care couples are covered by item 2 of the table. Note 4: The basic reduction and additional reduction are indexed 6 monthly in line with CPI increases (see sections 59B to 59E). (3) If, on a particular day: (a) the annual rate of a veteran’s ordinary income increases; and (b) as a result of the increase, the veteran’s rate of service pension is income reduced by an amount that is not more than 150% of the income/assets reduction limit applicable to the veteran; this section continues to apply to the veteran until: (c) the end of the period of 13 weeks starting on that day; or (d) the reduction exceeds 150% of the income/assets reduction limit applicable to the veteran; whichever happens first.