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4.4.8 Obligations - Assets

  • acquisition/disposal/transfer/sale of any assessable assets.

Note:Assets tested pensioners have no obligation to advise the Department of an increase in the value of an existing asset. Where it is determined that a pensioner has increased the value of an existing assessable asset, it is advisable that the expenditure relating to that increase be investigated. The expenditure may not necessarily be reflected in financial institution accounts. This may trigger a query by the examiner that the pensioner may have an additional source of income.