Regulatory Reform Omnibus Act 2025 (73 of 2025)

Schedule 4   Amendments to increase government efficiency and improve productivity

Part 7   Ensuring consistency across social security benefits

Division 6   Accessing home equity access scheme

Veterans' Entitlements Act 1986

59   After subsection 52ZA(3)

Insert:

Circumstances in which person ineligible

(3A) This subsection applies to a person if:

(a) both of the following apply:

(i) the person has made a request to participate in the home equity access scheme under section 1136 of the Social Security Act;

(ii) the scheme has not, since the person last made such a request, ceased to operate in relation to the person because of the effect of section 1141, 1141A, 1141B or 1142 of that Act; or

(b) the person is receiving one of the following social security pensions under the Social Security Act:

(i) an age pension;

(ii) a disability support pension;

(iii) a carer payment.

Note: If paragraph (b) applies, the person may be qualified to participate in the home equity access scheme under the Social Security Act.