Policy

VEA→

This section outlines policy concerning application of the farmers' income test to determine whether a farmer's income in the last three years before transfer of a property was less than the rate of age service pension applicable to that farmer.

Last amended: 18 August 2014

VEA→

Assess actual income not deemed income

VEA→

In the assessment of non-farm income for the Farmers' Income Test, deemed income was not calculated on financial assets.  Income from financial assets was assessed using the actual income amount received, as disclosed on the income tax return.

This section explains the requirements for calculating the amount of [glossary:rent assistance:367] payable.

Definition of post 70/75 member

Note: Seniors supplement was paid from 20 September 2009 to 20 June 2015.  The following information is provided for historical purposes only.

No need to apply

A person did not need to apply for seniors supplement (SSup). If SSup was payable, the allowance was paid automatically into the nominated bank account of the person.

Last amended: 22 April 2014

Rate of pension payable

In order to calculate the amount of pension bonus to be paid, the department must first determine the rate of pension payable when [glossary:income support pension:79] is granted. If the rate of pension to be paid is zero, then the bonus payment will also be zero.

Standard formula for calculating amount of pension bonus

Basic principle of the test

Last amended: 12 August 2014

Dual Registration DVA and Centrelink

A member of the pension bonus scheme can be concurrently registered with DVA and [glossary:Centrelink:441]. However, they can only claim a bonus and pension from either DVA or Centrelink.