10.2 Assets
This chapter contains information on various types of assets that affect a person's income support payments. It includes information on disregarded assets, the concept of assets value and determining the value of an asset.
See Also
Assessing Overseas Annuities
Assessment of overseas annuities
Overseas annuities do not satisfy the definition of an [glossary:income stream:406] as they do not meet the requirements for prudential regulation. Overseas annuities are an assessable asset.
Assessing Home Equity Conversion Loans
Last amended: 11 November 2008
How long home equity conversion loan is a disregarded asset?
The first $40,000 of an unspent [glossary:home equity conversion:220] loan is a disregarded asset for ninety days only. If after ninety days a person has not spent the loan, the amount is an assessable [glossary:asset:296].
Determining what Proportion of an Asset Test Exempt Income Stream is Exempt
Defined benefit income streams are 100% asset test exempt
Income Assessment of Defined Benefit Income Streams
Assets Value of Personal Effects, Household Contents, Vehicles and Cash
Last amended: 8 February 2013
Personal effects and household contents
Payment Factors for Market Linked Income Streams
Last amended: 3 September 2013
Use of payment factors
These payment factors are used in determining the [glossary:annual payment:155] to be paid by a market linked [glossary:income stream:406].
Rules determining the choice of payment factor
The following rules determine which payment factor is to be used:
10.1.4 Income from Employment
This section contains information on the assessment of employment-related income (earnings), when determining pension entitlements.
Resignation from a Controlled Private Trust or Company on or after 1 January 2002
General provisions
VEA →
VEA → (go back)
Individual ceases to be an attributable stakeholder of a company or trust
Section 52ZZY VEA