Policy

Last amended 17 June 2009

Value of assets not readily accessible

If an asset is unrealisable the value of the asset can be assessed as being less than the face value. If financial hardship is involved, the hardship provisions may apply.     

Last amended: 27 August 2008

Variable earnings

Variable earnings include:

This section contains information on the treatment of the disposal of the [glossary:assets:296] and [glossary:income:31] of an individual to a controlled private company or controlled private trust and the disposal of the assets and income of a controlled private trust or controlled private company by an [glossary:attributable stakeholder:615].    

Asset-test exempt income streams

Professional valuations provided by the person

A person is not expected to obtain professional valuations for any asset. If a person provides a written valuation this can be used to determine market value if the valuation:

This table shows how to calculate the asset value of an Asset-test Exempt Income Stream where the superannuation agreement or court order specifies a base payment amount, rather than a percentage, from the original Family Law Affected income stream, owned by the member.

For Allocated or Account-based Income Streams, Defined Benefit Income Streams, Asset-tested Long Term Income Streams or Lifetime Income streams, see the relevant pages under 10.5.6 Family Law Affected Income Streams.

Last amended: 18 June 2010

Last amended: 11 February 2003