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Value of Assets not Readily Accessible and Asset-tested Income Streams

Document

Last amended 17 June 2009

Value of assets not readily accessible

If an asset is unrealisable the value of the asset can be assessed as being less than the face value. If financial hardship is involved, the hardship provisions may apply.     

Examples of assets not readily accessible

A person may have severely limited or no access to assets when:

  • the asset(s) cannot be transferred from an overseas country,
  • the asset(s) are with a company in liquidation, or

a non-active partner cannot access partnership assets following a relationship breakdown.

Asset-tested income streams

The value of an asset-tested income stream is determined using the income stream assessment rules.