(1) The following are declared not to be the income of a person for the purpose of paragraph (f)(xvii) of the definition of income in section 3(1) of the Act:
(a) any payment made to the person by the Trust other than a payment of the kind referred to in any of paragraphs (a) to (d) of clause 14.2 of the trust deed:
(b) any amount of income derived by the person from a payment referred to in paragraph (a).
(2) The exemptions in subclause (1) apply only in respect of the first 12 months after the payment is made.