Division 6: General

11.2.26  Reimbursement for cost of financial advice

 

TAX ALERT: PACMATE Annex 3.A, item 188.

1.

If a person is paid an amount of SIA or ADB under this Determination and obtains professional financial advice about the investment of that amount, the person is entitled to be reimbursed up to $1,405.62 for the cost of that advice.

2.

For subclause 1, an amount that is made up of an interim payment and a final payment is to be taken as one amount.

Note: The dollar amounts in this clause are indexed. See clause 11.2.27.

11.2.27  Indexation of amounts

1.

Section 13 of the SRC Act applies to the dollar amounts specified in subclauses 11.2.12.1 and 11.2.12.2 and clauses 11.2.14 and 11.2.26 as if both these conditions were met.

 

a.

Those amounts were relevant amounts mentioned in subsection 13(1) of the SRC Act.

 

b.

References in that section to the SRC Act were references to this Part.

2.

Section 13AA of the SRC Act applies to the dollar amount specified in subclauses 11.2.9.1 and 11.2.9.2 as if both these conditions were met.

 

a.

That amount was a relevant amount mentioned in subsection 13AA(1) of the SRC Act.

 

b.

References in that section to the SRC Act were references to this Part.

11.2.28  Exercise of powers by Secretary

 

In this Division, a reference to the Secretary includes a reference to another person authorised by the Secretary for the purpose of the provision in which the reference occurs.

 

PACMAN                                                         Reprint (August 2010)                              Chapter 11 – Part 2 Division 6 – 1