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, extend the categories, prescribed by regulation 10 of the Social Security (Long-term Residential Care) Regulations 2005, of assets that are exempt from means assessment under Part 4 of the Social Security Act 1964.
The new category of exempt assets, which is prescribed by new regulation 10(1)(f), is any ex gratia payment—
•made to a person, on or after 15 December 2006, by or on behalf of the Crown; and
•made because the person suffered a personal injury that is, or was caused by, hepatitis C infection contracted through the New Zealand blood supply.
The exemption applies only in respect of the first 12 months after the ex gratia payment concerned was made.
(Crown, New Zealand blood supply, and personal injury have the meanings given to them by the related Social Security (Income and Cash Assets Exemptions: Personal Injury from Hepatitis C Infection Contracted Through New Zealand Blood Supply) Regulations 2006.)