External
Policy
Fixed term deposits, bonds, debentures and securities
The following table explains how to assess the value of fixed term deposits, unlisted bonds, debentures and securities. An alternative value is accepted if a person provides supporting information.
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If the investment... |
then the assessable value is the... |
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can be traded, |
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cannot be traded, |
amount paid by a person for the investment. |
Listed bonds and securities and deferred or reversionary bonds and investments
The assets value is the last sale price quoted in the financial press.
If the sale price is not quoted in the financial press, the assets value is the:
- total accrued compound interest, plus
- face value of the bond or investment.
Example of assets value of a deferred interest bond
A 12% deferred interest bond of $100 has a value of:
- $112 after 1 year ($100+$12), and
- $125.44 after 2 years ($112+$13.44).
Commercial bills
The assets value for commercial bills is the:
- amount paid for the bill, plus
- interest owing at the end of the fixed term.
Dingo bonds, digger bonds, and zero coupon bonds
The value of dingo bonds, digger bonds and zero coupon bonds can be obtained from the merchant bank or financial institution that issued them.