DVA's assessment of a pensioner's superannuation assets depends on:
A [glossary:company:602] is a [glossary:controlled private company:72] in relation to an individual if:
When deciding whether an individual passes the [glossary:control:461] or source tests reference must be had to the [glossary:associates:491] of the individual.
Last amended: 9 December 2008
Under the VEA, the definition of war widow/widower includes a person who is receiving a pension payable under the law of a foreign country, that is similar in character to an Australian war widow's/widower's pension.
This section contains information on the assessment of [glossary:income:31] and [glossary:assets:296] of [glossary:sole traders:700] and [glossary:partnerships:513].
Last amended: 18 June 2010
When a pensioner is receiving maintenance, the delegate of the [glossary:Commission:545] must determine:
Last updated 22 December 2010
The following table summarises the assessable income, and its treatment, for pensioners from a sole trader's business or a [glossary:partnership:513].
|
Income Source |
Treatment |
|
Sole Traders and Partnerships |
|
|
Rent paid by a business to a pensioner | |
This section contains information about the assessable income and assets from primary production.
Last amended: 9 October 2006
If the income or capital of the [glossary:special disability trust:293] (SDT) is used for purposes which make it a non-complying trust, then the trust will be assessed under the normal trust and company rules from the date the trust was deemed by a delegate to be non-complying. Any gifts will lose their concessional treatment from the date that the trust becomes non-complying.
Events which could result in the trust being non-complying include:
Free accommodation or board and lodging
The value of free accommodation or free board and lodging provided to a person is not income.
If an employer provides written advice that a deduction from wages for the cost of accommodation or board and lodging provided by the employer is being made, the amount deducted is not considered as income. Any amount received after that deduction is treated as income.
Compensation and insurance payments
