Policy

This section contains general information about the assessment of income streams.

Last amended: 10 May 2012

Derivation period to be established first

When deciding what periods (of time) to attribute the assets and income of a structure to an individual(s), it is necessary to first establish the [glossary:derivation period:467] and then the attribution period.

Derivation period

Principal home owned by a controlled private company or trust

If an individual lives in a home that is owned by a private company or private trust in which they have an interest, the home is assessed as the individual's [glossary:principal home:349] if they have reasonable security of tenure. An individual is a homeowner if they have a right or interest in the place they occupy as their home, and the right or interest gives them reasonable security of tenure.

Last amended: 05 August 2022

Last amended: 27 May 2011

This section contains information on the [glossary:income:31] and [glossary:assets:296] assessment of [glossary:income streams:406].

Last amended: 9 October 2006

Principles for assessing withdrawals from superannuation assets

The income and assets test assessments of a withdrawal from superannuation assets depends on: