This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 January 2010, are made under the Social Security Act 1964 (the Act). They declare certain items of income or 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 any payment made to the person by the EVSA (Neville Wallace Memorial) Children's & Grandchildren's Trust on or after 17 August 2007 and any income derived by the person from the payment.
The exemption applies only in respect of the first 12 months after the payment is made.
Such payments, if made after 17 August 2007, and any income derived from a payment of this kind, are also—
assets exempt from means assessment under Part 4 of the Act, because of the related exemption in regulation 10(1)(l) and (m) of the Social Security (Long-term Residential Care) Regulations 2005; and
excluded from cash assets used in determining eligibility for temporary additional support, because of the related exclusion in regulation 8(3)(k) and (l) of the Social Security (Temporary Additional Support) Regulations 2005.