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Exempt Income under the VEA

Document
Last amended 
24 June 2021

Exempt income for income support purposes under the VEA

The following table shows payments that are exempt income when calculating entitlement for income support payment. Payments not exempt for income support purposes are considered adjusted income.

 

Income Type

Section of VEA

Description

A payment under Part III or Part IIIA of the VEA

5H8(a)

Service Pension and Income Support Supplement are exempt income under the VEA

Veteran Payment

5H(8)(aa)

Veteran Payment is exempt income under the VEA

A payment under Part II or IV of the VEA

5H(8)(b)

A payment of an instalment of pension under Part II or IV of the VEA is exempt income under the VEA **

Veteran Supplement

5H(8)(ba)

A payment of an instalment of a supplement under Part VIIA (veterans supplement) is exempt income under the VEA.

A payment of an instalment of a pension (other than a pension payable in respect of a child) payable because of subsection 4(6) or (8B) of the Veterans’ Entitlements (Transitional Provisions and Consequential Amendments) Act 1986

5H(8)(c)

 

The Veterans’ Entitlements (Transitional Provisions and Consequential Amendments) Act 1986 **

A payment in respect of incapacity or death resulting from employment in connection with a war or war‑like operations in which the Crown has been engaged

5H(8)(e)

A payment (other than a payment referred to in paragraph (b) or (c) of the VEA) that is a payment in respect of incapacity or death resulting from employment in connection with a war or war‑like operations in which the Crown has been engaged is exempt under the VEA. **

** Note:   Although a payment referred to in paragraph (b), (c) or (e) of the VEA is considered exempt income for pension purposes, these amounts:

(a) are counted in working out the amount of rent assistance a person is entitled to, and may reduce that amount (see Module C of the Rate Calculator); and

(b) are counted in working out a person’s total income for the purposes of the hardship rules (see section 52Z).

 

Compensation (other than a payment referred to in paragraph (e))

5H(8)(ea)

Compensation (other than a payment referred to in paragraph (e)) to the extent that the payment is taken into account:

  1. Under Division 5A of Part II; or
  2. Under section 74;

to reduce a disability pension payable to the person under Part II or Part IV, as the case requires is exempt under the VEA

Note:  A payment referred to in paragraph (ea) is counted in working out a person’s total income for the purposes of the hardship rules (see section 52Z).

A payment by way of allowance (other than a loss of earnings allowance) under Part VI of the VEA

5H(8)(f)

 

A payment by way of allowance (other than a loss of earnings allowance) under Part VI of this Act is exempt income under the VEA.

Note: A payment referred to in paragraph (f) is counted in working out a person’s total income for the purposes of the hardship rules (see section 52Z).

A payment similar to a decoration allowance or Victoria Cross allowance paid by a foreign country

5H(8)(faa)

 

A payment, by a foreign country, of an allowance or annuity that is of a similar kind to decoration allowance payable under section 102 of the VEA or to Victoria Cross allowance payable under section 103 of the VEA is exempt income.

Note: A payment referred to in paragraph (faa) is counted in working out a person’s total income for the purposes of the hardship rules (see section 52Z).

Prisoner of war recognition supplement

5H(8)(faaa)

 

A payment under Part VIB (prisoner of war recognition supplement) is exempt income under the VEA.

Note: A payment referred to in paragraph (faaa) is counted in working out a person’s total income for the purposes of the hardship rules (see section 52Z).

Student start‑up scholarship payment, or a relocation scholarship payment, under the Veterans’ Children Education Scheme

5H(8)(fa)

A payment known as a student start‑up scholarship payment, or a relocation scholarship payment, under the Veterans’ Children Education Scheme is exempt income under the VEA.

Defence Force Income Support Allowance (DFISA) and related payments

5H(8)(g)

A payment under Part VIIAB, including a payment made under regulations made under that Part is exempt income under the VEA.

Energy Supplement

5H(8)(gb)

A payment under Part VIIAD (energy supplement) is exempt income under the VEA.

Payments under the Social Security Act

5H(8)(h)

A payment made under the Social Security Act is exempt income under the VEA.

ABSTUDY

5H(8)(ha)

A payment under the ABSTUDY Scheme is exempt income under the VEA.

Commonwealth Trade Learning Scholarship

5H(8)(haa)

The amount or value of a scholarship known as a Commonwealth Trade Learning Scholarship is exempt income under the VEA.

Payment of an approved scholarship

5H(8)(hab)

A payment of an approved scholarship (within the meaning of subsection 8(1) of the Social Security Act 1991) awarded on or after 1 September 1990 is exempt income under the VEA.

Indigenous student assistance grants

5H(8)(hac)

The amount or value of a scholarship:

  1. Provided for under Part2-2A of the Higher Education Support Act 2003 (Indigenous student assistance grants); and
  2. Specified under subsection 8(8AAA) of the Social Security Act 1991

Is exempt income under the VEA.

Commonwealth Education Costs Scholarship

 

Commonwealth Accommodation Scholarship

 

5H(8)(hb)

The amount or value of:

  1. A scholarship known as a Commonwealth Education Costs Scholarship; or
  2. A scholarship known as a Commonwealth Accommodation Scholarship;

provided for under the Commonwealth Scholarships Guidelines made for the purpose of Part2-4 of the Higher Education Support Act 2003 is exempt income under the VEA.

Reductions of amounts payable for enrolment or tuition in certain courses

5H(8)(hc)

An amount covered by subsection (8A) of the VEA (about reductions of amounts payable for enrolment or tuition in certain courses) is exempt income under the VEA

Payments that are made to an educational institution or the Commonwealth to reduce a person’s liability

5H(8)(hd)

A payment covered by subsection (8B) of the VEA (about payments that are made to an educational institution or the Commonwealth to reduce a person’s liability to the educational institution or Commonwealth and that are made by someone other than the person) is exempt income under the VEA.

Payment of a scholarship not income for the purposes of the Social Security Act 1991 

5H(8)(he)

A payment of a scholarship, to the extent that the payment is not income for the purposes of the Social Security Act 1991 because of paragraph 8(8)(zjd) of that Act is exempt income under the VEA.

Returns on a person’s investment in a superannuation fund, approved deposit fund or ATO small superannuation account

5H(8)(i)

Any returns on a person's investments in:

  1. A superannuation fund; or
  2. An approved deposit fund
  3. An ATO small superannuation account;

until the person:

  1. Reaches pension age; or
  2. Commences to receive a pension or annuity out of the fund;

Is exempt income under the VEA

Note 1: For pension age see subsection (9) and sections 5QA and 5QB of the VEA.

Note 2: For superannuation fundapproved deposit fund and ATO small superannuation account see subsection 5J(1) of the VEA.

Emergency relief or like assistance

5H(8)(j)

The value of emergency relief or like assistance is exempt under the VEA.

Payments under the Handicapped Persons Assistance Act 1974

5H(8)(l)

A payment under the Handicapped Persons Assistance Act 1974 is exempt income under the VEA.

Payments under Part III of the Disability Services Act 1986 

5H(8)(m)

A payment under Part III of the Disability Services Act 1986 or the value of any rehabilitation program (including any follow‑up program) provided under that Part is exempt income under the VEA.

Payment under the Business Services Wage Assessment Tool Payment Scheme Act 2015

5H(8)(ma)

A payment under the Business Services Wage Assessment Tool Payment Scheme Act 2015 is exempt income under the VEA.

Payments under the National Redress Scheme for Institutional Child Sexual Abuse Act 2018

5H(8)(mb)

A payment under the National Redress Scheme for Institutional Child Sexual Abuse Act 2018 is exempt income under the VEA.

Payments of domiciliary nursing care benefit under Part VB of the National Health Act 1953 

5H(8)(n)

A payment of domiciliary nursing care benefit under Part VB of the National Health Act 1953 as in force immediately before 1 July 1999 is exempt income under the VEA.

Payments of subsidy under Part 3.1 of the Aged Care Act 1997 or Part 3.1 of the Aged Care (Transitional Provisions) Act 1997 

5H(8)(na)

A payment of subsidy under Part 3.1 of the Aged Care Act 1997 or Part 3.1 of the Aged Care (Transitional Provisions) Act 1997 made to an approved provider (within the meaning of the Aged Care Quality and Safety Commission Act 2018) in respect of care provided to the person is exempt income under the VEA.

An accommodation bond balance (within the meaning of the Aged Care Act 1997) refunded to the person under that Act

5H(8)(nb)

An accommodation bond balance (within the meaning of the Aged Care Act 1997) refunded to the person under that Act is exempt income under the VEA.

Rent received from the principal home of a person who is liable to pay an accommodation charge

5H(8)(nc)

While a person is accruing a liability to pay an accommodation charge – any rent from the person’s principal home that the person, or the person’s partner, earns, derives, or receives from another person is exempt under the VEA.

Note 1Accommodation charge has the same meaning as in the Aged Care Act 1997: see subsection 5L(1).

Note 2: For rent, see subsection 5N(2).

Rent received from the principal home of a person who is liable to pay an accommodation bond by periodic payments

5H(8)(nd)

While a person is liable to pay all or some of an accommodation bond by periodic payments – any rent from the person’s principal home that the person, or the person’s partner, earns, derives, or receives from another person is exempt income under the VEA.

Note 1: For rent, see subsection 5N(2).

A refundable deposit balance refunded to the person under the Aged Care Act 1997

5H(8)(ne)

A refundable deposit balance refunded to the person under the Aged Care Act 1997 is exempt income under the VEA.

Rent received from the principal home of a person who is liable to pay a daily accommodation contribution

5H(8)(nf)

While a person is liable to pay a daily accommodation contribution – any rent from the person’s principal home that the person, or the person’s partner, earns, derives, or receives from another person is exempt income under the VEA.

Note 1:    For rent, see subsection 5N(2).

A payment under a Commonwealth law, one of whose objects is that of assisting people to purchase or build their own homes

5H(8)(o)

A payment under a Commonwealth law, one of whose objects is that of assisting people to purchase or build their own homes is exempt income under the VEA.

A payment by a State or Territory for the purpose of assisting people to purchase or build their own homes

5H(8)(oa)

A payment by a State or Territory for the purpose of assisting people to purchase or build their own homes is exempt income under the VEA.

A payment made to the person for or in respect of a child of the person

5H(8)(p)

A payment made to the person for or in respect of a child of the person is exempt income under the VEA.

A payment of family assistance, or of one‑off payment to families, economic security strategy payment to families, back to school bonus, single income family bonus, clean energy advance, ETR payment, first 2020 economic support payment, second 2020 economic support payment, additional economic support payment 2020 or additional economic support payment 2021

5H(8)(paa)

A payment of family assistance, or of one‑off payment to families, economic security strategy payment to families, back to school bonus, single income family bonus, clean energy advance, ETR payment, first 2020 economic support payment, second 2020 economic support payment, additional economic support payment 2020 or additional economic support payment 2021, under the Family Assistance Act is exempt income under the VEA.

A payment under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families—One‑off Payments) Act 2004

5H(8)(pab)

A payment under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families—One‑off Payments) Act 2004 is exempt income under the VEA.

An NDIS amount

5H(8)(paba)

An NDIS amount is exempt income under the VEA.

Any return on a person’s NDIS amounts

5H(8)(pabb)

Any return on a person’s NDIS amounts is exempt income under the VEA.

A payment of a bursary under the program established by the Commonwealth and known as the Young Carer Bursary Programme

5H(8)(pabc)

A payment of a bursary under the program established by the Commonwealth and known as the Young Carer Bursary Programme is exempt income under the VEA.

Disability expenses maintenance

5H(8)(pac)

Disability expenses maintenance is exempt income under the VEA.

Mortgage Insurance payments

5H(8)(pa)

If:

  1. The person owes money under a mortgage or other arrangement; and
  2. The person has insurance which requires the insurer to make payments to the creditor when the person is unemployed or ill or in other specified circumstances; and
  3. Payments are made to the creditor under the insurance;

A payment so made is exempt income under the VEA.

Insurance or compensation payments made because of the loss of, or damage to, buildings, plant or personal effects

5H(8)(q)

Insurance or compensation payments made because of the loss of, or damage to, buildings, plant or personal effects is exempt income under the VEA.

Note: These payments are to be disregarded in calculating the value of a person’s assets - see paragraph 52(1)(o) of the VEA

Insurance investment money

5H(8)(r)

Money from an investment is:

1. an investment of payments of the kind referred to in paragraph (q); and

2. an investment for:

      2.1 a period of not more than 12 months after the person receives the payments; or

      2.2 if the Commission thinks it appropriate – of 12 months or more after the person receives those payments;

is exempt income under the VEA

An amount paid, under a law of, or applying in, a country or part of a country, by way of compensation for a victim of National Socialist persecution

5H(8)(s)

An amount paid, under a law of, or applying in, a country or part of a country, by way of compensation for a victim of National Socialist persecution is exempt income under the VEA

A payment by way of rent subsidy made by the Commonwealth, by a State or Territory or by an authority of the Commonwealth or of a State or Territory

5H(8)(u)

If the person pays, or is liable to pay, rent—a payment by way of rent subsidy made by the Commonwealth, by a State or Territory or by an authority of the Commonwealth or of a State or Territory to or on behalf of the person who pays or who is liable to pay rent is exempt income under the VEA

A payment received by a trainee in full-time training under a program included in the programs known as Labour Market Programs

5H(8)(v)

A payment received by a trainee in full-time training under a program included in the programs known as Labour Market Programs, to the extent that the payment includes one or more of the following amounts:

  1. an amount calculated by reference to a rate of jobseeker payment or youth allowance under the Social Security Act;
  2. an amount known as the training component;
  3. an amount of a living away from home allowance

is exempt income under the VEA.

A payment received by the person under the Labour Market Program in respect of the person’s expenses associated with their participation in the training or work experience

5H(8)(w)

In the case of a person who:

  1. is receiving a service pension, income support supplement, a veteran payment, a social security pension or a social security benefit; and
  2. is in part-time training, or engaged in part-time work experience, under a program included in the programs known as Labour Market Programs;

A payment received by the person under that program in respect of the person’s expenses associated with their participation in the training or work experience is exempt income under the VEA.

A payment received under the scheme known as the New Enterprise Incentive Scheme (NEIS)

5H(8)(x)

A payment received by the person under the scheme known as the New Enterprise Incentive Scheme is exempt income under the VEA

A payment made by the Commonwealth known as the Apprenticeship Wage Top‑Up

5H(8)(xaa)

A payment made by the Commonwealth known as the Apprenticeship Wage Top‑Up to the person is exempt income under the VEA

A payment to the person made by the Commonwealth under the program known as Skills for Sustainability for Australian Apprentices

5H(8)(xab)

A payment to the person made by the Commonwealth under the program known as Skills for Sustainability for Australian Apprentices is exempt income under the VEA

A payment to the person made by the Commonwealth under the program known as Tools for Your Trade

5H(8)(xac)

A payment to the person made by the Commonwealth under the program known as Tools for Your Trade (within the program known as the Australian Apprenticeships Incentives Program) is exempt income under the VEA

A payment made by the Commonwealth, under the program established by the Commonwealth and known as “Youth Jobs Path”

5H(8)(xad)

A payment made by the Commonwealth, under the program established by the Commonwealth and known as “Youth Jobs Path”, to an individual placed in an internship under that program is exempt income under the VEA

A payment made by the Mark Fitzpatrick Trust or the New South Wales Medically‑Acquired HIV Trust

5H(8)(xa)

A payment made by the Mark Fitzpatrick Trust or the New South Wales Medically‑Acquired HIV Trust to a person by way of assistance with expenses incurred in relation to a person who has medically acquired HIV infection is exempt income under the VEA

A payment by the Thalidomide Australia Fixed Trust

5H(8)(xb)

A payment by the Thalidomide Australia Fixed Trust :

  1. made to, or applied for the benefit of, a beneficiary of the Trust; or
  2. made to a person in respect of a beneficiary of the trust;

is exempt income under the VEA

A payment under the program established by the Commonwealth and known as the Support for Australia’s Thalidomide Survivors program

5H(8)(xc)

A payment under the program established by the Commonwealth and known as the Support for Australia’s Thalidomide Survivors program is exempt income under the VEA.

A benefit under a law of the Commonwealth that relates to the provision of pharmaceutical, sickness or hospital benefits, or

medical or dental services

5H(8)(y)

A benefit under a law of the Commonwealth that relates to the provision of:

  1. pharmaceutical, sickness or hospital benefits; or
  2. medical or dental services;

is exempt income under the VEA.

A payment towards the cost of personal care support services for the person that is made under a scheme approved under section 35A of the Social Security Act

 

5H(8)(ya)

A payment towards the cost of personal care support services for the person that is made under a scheme approved under section 35A of the Social Security Act is exempt income under the VEA

A payment made by an organisation that is registered under a law referred to in paragraph 5H(8)(y)

5H(8)(z)

A payment that:

1. is made by an organisation that is registered under a law referred to in paragraph 5H(8)(y); and

2. is made in respect of expenses incurred by a person for:

      2.1 hospital treatment; or

      2.2 medical treatment; or

      2.3 dental treatment

is exempt income under the VEA.

Pay and allowances paid to members of the Defence Reserves

5H(8)(za)

In the case of a member of:

  1. the Naval Reserve; or
  2. the Army Reserve; or
  3. the Air Force Reserve;

the pay and allowances paid to the person as such a member (other than pay and allowances in respect of continuous full-time service is exempt income under the VEA.

A bereavement payment under section 98A of the VEA

 

5H(8)(zb)

A payment that is a bereavement payment under section 98A is exempt income under the VEA

A periodical payment by way of gift or allowance

5H(8)(zd)

A periodical payment by way of gift or allowance, or a periodical benefit by way of gift or allowance, from a parent, child, brother or sister of the person

is exempt income under the VEA

The value of board or lodging received

5H(8)(ze)

The value of board or lodging received by the person is exempt income under the VEA

An amount received under the scheme known as the Western Australian Cost of Living Rebate Scheme

5H(8)(zea)

An amount received under the scheme known as the Western Australian Cost of Living Rebate Scheme is exempt income under the VEA

The value of a benefit obtained by using a card known as the Western Australian Country Age Pension Fuel Card

5H(8)(zeb)

The value of a benefit obtained by using a card known as the Western Australian Country Age Pension Fuel Card is exempt income under the VEA

A payment, known as the Cost of Living Concession, made by the Government of South Australia

5H(8)(zec)

A payment, known as the Cost of Living Concession, made by the Government of South Australia is exempt income under the VEA

Domestic payment

5H(8)(zf)

Domestic payment is exempt income under the VEA

A payment received by the person for serving, or being summoned to serve, on a jury

5H(8)(zh)

A payment received by the person for serving, or being summoned to serve, on a jury is exempt income under the VEA

A payment received by the person for expenses incurred by the person as a witness, other than an expert witness, before a court, tribunal or commission

5H(8)(zi)

A payment received by the person for expenses incurred by the person as a witness, other than an expert witness, before a court, tribunal or commission is exempt income under the VEA

 

5H(8)(zj)

A return on an exempt funeral investment is exempt income under the VEA.

Note: For exempt funeral investment see section 5PC of the VEA.

An amount paid by a buyer under a sale leaseback agreement

5H(8)(zk)

An amount paid by a buyer under a sale leaseback agreement is exempt income under the VEA

An amount credited to the person’s account for the purposes of an approved trading system

5H(8)(zl)

If a person is a member of an approved trading system – an amount credited to the person’s account for the purposes of the scheme in respect of any goods or services provided by the person to another member is exempt income under the VEA.

Note: For approved exchange trading system see subsections 5H (10) and 5H (11).

An advance payment of pension under Part IVA

5H(8)(zm)

An advance payment of pension under Part IVA is exempt income under the VEA

An amount worked out under section 115G of the VEA

5H(8)(zn)

An amount worked out under section 115G is exempt income under the VEA

A payment under section 47, 56, 81, 205, 214, 217, 226, 239 or 266 of the MRCA to reimburse costs incurred in respect of the provision of goods or services

5H(8)(zo)

A payment under section 47, 56, 81, 205, 214, 217, 226, 239 or 266 of the MRCA to reimburse costs incurred in respect of the provision of goods or services (other than a payment to the person who provided the goods or service) is exempt income under the VEA

A payment (either as a weekly amount or a lump sum) under section 68, 71, 75 or 80 of the MRCA (permanent impairment)

5H(8)(zp)

A payment (either as a weekly amount or a lump sum) under section 68, 71, 75 or 80 of the MRCA (permanent impairment) is exempt income under the VEA

A payment of a Special Rate Disability Pension

5H(8)(zq)

A payment of a Special Rate Disability Pension under Part 6 of Chapter 4 of the MRCA is exempt income under the VEA

If subsection 204(5) of the MRCA applies to a person – an amount per fortnight, worked out under section 5I of this Act

5H(8)(zr)

If subsection 204(5) of the MRCA applies to a person – an amount per fortnight, worked out under section 5I of this Act, that would, apart from this paragraph, be income of the person is exempt income under the VEA.

Note: Subsection 204(5) of the MRCA reduces a Special Rate Disability Pension by reference to amounts of Commonwealth superannuation that the person has received or is receiving.

A payment under the Motor Vehicle Compensation Scheme under section 212 of the MRCA

5H(8)(zs)

A payment under the Motor Vehicle Compensation Scheme under section 212 of the MRCA is exempt income under the VEA

A payment of MRCA supplement under section 221, 245 or 300 of the MRCA

5H(8)(zt)

A payment of MRCA supplement under section 221, 245 or 300 of the MRCA is exempt income under the VEA

A payment of a lump sum mentioned in paragraph 234(1)(a) or subsection 236(5) of the MRCA or of the weekly amount mentioned in paragraph 234(1)(b) of the MRCA (including a reduced weekly amount because of a choice under section 236 of the MRCA) (wholly dependent partner payment)

5H(8)(zu)

A payment of a lump sum mentioned in paragraph 234(1)(a) or subsection 236(5) of the MRCA or of the weekly amount mentioned in paragraph 234(1)(b) of the MRCA (including a reduced weekly amount because of a choice under section 236 of the MRCA) (wholly dependent partner payment) is exempt income under the VEA

A payment under section 242 or 255 of the MRCA (continuing permanent impairment and incapacity payments)

5H(8)(zv)

A payment under section 242 or 255 of the MRCA (continuing permanent impairment and incapacity etc. payments) is exempt income under the VEA

A payment under section 251 or 253 of the MRCA (eligible young person payment)

5H(8)(zw)

A payment under section 251 or 253 of the MRCA (eligible young person payment) is exempt income under the VEA

A payment under the scheme set up under section 258 of the MRCA (education scheme for eligible young persons)

5H(8)(zx)

A payment under the scheme set up under section 258 of the MRCA (education scheme for eligible young persons) is exempt income under the VEA

A payment under section 262 of the MRCA (compensation for other dependants)

5H(8)(zy)

A payment under section 262 of the MRCA (compensation for other dependants) is exempt income under the VEA

A payment under Division 1A, 2 or 3 of Part 4 of Chapter 6, or subsection 328(4), of the MRCA (compensation for treatment)

5H(8)(zz)

A payment under Division 1A, 2 or 3 of Part 4 of Chapter 6, or subsection 328(4), of the MRCA (compensation for treatment etc.) is exempt income under the VEA

A payment under section 424 of the MRCA (special assistance)

5H(8)(zza)

A payment under section 424 of the MRCA (special assistance) is exempt income under the VEA

A clean energy payment under the MRCA

5H(8)(zzaaaa)

A clean energy payment under the MRCA is exempt income under the VEA

A clean energy payment under Part IIIE

5H(8)(zzah)

A clean energy payment under Part IIIE is exempt income under the VEA

A one‑off energy assistance payment under Part IIIF

5H(8)(zzaj)

A one‑off energy assistance payment under Part IIIF is exempt income under the VEA

A one‑off energy assistance payment under Part IIIG

5H(8)(zzak)

A one‑off energy assistance payment under Part IIIG is exempt income under the VEA

A first 2020 economic support payment under Division 1 of Part IIIH

5H(8)(zzal)

A first 2020 economic support payment under Division 1 of Part IIIH is exempt income under the VEA

A second 2020 economic support payment under Division 2 of Part IIIH

5H(8)(zzam)

A second 2020 economic support payment under Division 2 of Part IIIH is exempt income under the VEA

An additional economic support payment 2020 under Division 1 of Part IIIJ

5H(8)(zzan) 

An additional economic support payment 2020 under Division 1 of Part IIIJ is exempt income under the VEA

An additional economic support payment 2021 under Division 2 of Part IIIJ

5H(8)( zzao) 

An additional economic support payment 2021 under Division 2 of Part IIIJ is exempt income under the VEA

The value of the benefit provided under the initiative known as the Tools for Your Trade initiative

5H(8) (zzb) 

The value of the benefit provided under the initiative known as the Tools for Your Trade initiative is exempt income under the VEA

A cash flow boost (within the meaning of the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020)

5H(8) (zzc) 

A cash flow boost (within the meaning of the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020) is exempt income under the VEA

Payments made under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020

5H(8) (zzd) 

A payment:

  1. Paid in accordance with rules under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020; and
  2. Stated, in those rules, not to be income in relation to the person for the purposes of this act;

Is not income under the VEA

Note: However:

  1. Some of the amounts referred to in paragraph (8)(zp)(zq)(zr) and (zu) are counted for the purpose of the hardship rules – see subsection 52Z(3A); and
  2. The amounts referred to in paragraph (8)(zp) are counted for the purposes of rent assistance – see Module C of the rate calculator