3.10.6 Rate Calculation under the Hardship Provisions

Rate calculation when hardship provisions apply

To calculate the rate of service pension or income support supplement payable under the hardship provisions, the person's adjusted annual rate of ordinary income is deducted from the maximum payment rate of service pension or income support supplement

Unrealisable financial asset is exempt from the deeming provisions

If a financial asset is determined to be unrealisable under s.52Y for the purposes of the hardship provisions, it must be exempted from the deeming provisions.