Schedule 3: Exempt lump sums
These amendments will amend the Veterans’ Entitlements Act 1986 (VEA) to allow certain exempt lump sum determinations made by the Secretary of the Department of Social Services to apply to Department of Veterans’ Affairs (DVA) income support clients.
The determination would create an exemption of certain lump sums from the income test that applies to DVA income support clients. Where a DVA client is on an income support payment and also receives a lump sum payment that is exempt from the income test the income test is calculated without taking that lump sum into account.
There will be no impact on the client or the assessing of the income test.
These amendments commence on the day after this Act receives the Royal Assent.