You are here

Maximum basic entitlement

    VEA

How to work out whether the farmers' income test is satisfied

Subsection 49J(1) VEA

How to work out whether the sugarcane farmers' income test is satisfied

Subsection 49Y(1) VEA

VEA (go back)

For the purpose of the farmers' and sugarcane farmers' income test, the maximum basic rate of age service pension as worked out under subsections 49J(4) and 49Y(4) respectively, multiplied by 3 is considered to be the person's maximum basic entitlement.

If the person's total income for the three income test years is less than the person's maximum basic entitlement, the person satisfies the farmer's/sugarcane farmers' income test.

 

 

A service pension is an income support payment broadly equivalent to the social security age and disability support pensions. It may be paid once a veteran or partner has reached the nominated age or is incapacitated for work.

There is currently no content classified with this term.