5.4.5 Review of Home Equity Access Scheme

Change in pension entitlement

Where changes in income, assets or pension entitlement occur as a result of a [glossary:DVA:306] or pensioner initiated review, the amount of the loan payments may need to be recalculated i to ensure that the total of the Home Equity Access Scheme (HEAS) payment and any actual pension entitlement does not exceed 150% of the maximum payment rate and that the HEAS rate is consistent with the participant's choice on how to set the HEAS rate.

Custodial parents and PCC

Duplicate PCC to custodial parents

Applications for a duplicate card are accepted from a custodial parent or couple only. No applications are to be accepted from non-custodial parents. The duplicate card is issued to the custodial parent who can then pass the card to the non-custodial parent. The issue of a duplicate card follows the Department's policy that any medical or pharmaceutical concessions for which the children are eligible should continue to be available to them during these absences.

Assessment of Farm Income

VEA→

Usual assessment methods would have applied

Income from a farming business would have been determined using the same assessment methods used when determining income for income test purposes.

Sole trader

Where the farm business was run by the farmer as a sole trader, farm income included the net profit or loss made in each year. The net profit would have been adjusted for any tax deductions claimed that were not allowable reductions from business income.