Effective Dates for Review Requested by Pensioner

Review requested by a pensioner

If the pensioner requests a review of established holdings of managed investments and shares, the effective date will be:

• the day the determination is made if the result is a reduction in pension and
• the day the request was made if the result is an increase in pension.

Information discovered during review process

If, during the course of conducting a review, information is found about changes to income or assets that were notifiable events, but not notified by the pensioner, the 'date of effect rules' for notifiable events under section 54 should be applied to the events. The date of effect will be:

•       the date of the event if the result is a reduction in pension, and
•       the day the determination is made if the result is an increase in pension.

Impact of bereavement period

The guidelines and policy on processing pensioner initiated reviews during the bereavement period are provided elsewhere in the Policy Library.