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 5   Accessing home equity access scheme

Social Security Act 1991

51   After subsection 1133(3)

Insert:

Circumstances in which person not qualified

(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 52ZD of the Veterans' Entitlements 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 52ZJ, 52ZJA, 52ZJB or 52ZK of that Act; or

(b) the person is receiving a service pension or income support supplement.

Note: If paragraph (b) applies, the person may be eligible to participate in the home equity access scheme under the Veterans' Entitlements Act.