This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 15 December 2006, are made under the Social Security Act 1964 (the Act). They declare certain income and cash assets not to be a person's income or cash assets for the purposes of the Act.
The exempted income and cash assets are ex gratia payments, and income derived from ex gratia payments, received because of a personal injury that is, or was caused by, hepatitis C infection contracted through the New Zealand blood supply.
The exemptions apply only in respect of the first 12 months after the ex gratia payment concerned was made.
(The exempted payments are also assets exempt from means assessment under Part 4 of the Act, because of the related exemption in regulation 10(1)(f) of the Social Security (Long-term Residential Care) Regulations 2005.)