1.1.V.05 Veteran payment

Definition

According to SSAct section 23(1)-'veteran payment' means a veteran payment made under an instrument made under section 45SB of the Veterans' Entitlements Act 1986.

Veteran payment is paid by DVA. When an individual receives veteran payment, they can receive FTB Part A free of the income test and FTB Part B free of the primary income earner income test for the duration they receive the veteran payment.

Act reference: FAAct Schedule 1 clause 28B Adjusted taxable income exceeding $100,000, Schedule 1 clause 38L Application of income test to pension and benefit recipients and their partners

SSAct section 23(1)-'veteran payment'

Last reviewed: 20 September 2018