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4.4 What are counted as assets
Asset assessment rules for aged care means testing broadly align with the rules for income support pensions from 1 July 2014, including the $10,000 nominal value of home assets and that only debts against specific assessable assets are allowed as deductions.
Differences in asset assessment rules for aged care means testing are:
- inclusion of accommodation bond and refundable accommodation deposit or contribution balances,
- treatment of the principal home has been modified (see next section).