Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Budget and Other Measures) Act 2011 (34 of 2011)

Schedule 6   Pension reform measures

Veterans' Entitlements Act 1986

12   After subsection 46AA(5)

Insert:

(5A) If:

(a) the person is a member of a couple; and

(b) the person’s partner has an amount (the exempt amount ) of employment income (within the meaning of the Social Security Act 1991) disregarded under section 1073AA of that Act;

then, in applying Point SCH6-E3 of Schedule 6, the ordinary/adjusted income of the person’s partner is to be reduced by an amount equal to the exempt amount.