Policy

Last amended: Purpose of the reasonableness test

As a means of minimising the capacity for [glossary:assets test:599] avoidance, a test of reasonableness is applied to the [glossary:granny flat:52] [glossary:entry contribution:426]. The reasonableness test uses an approximation of actuarial values, based on [glossary:life expectancy:348], to estimate the value to the veteran of the life accommodation interest. Examples where the reasonableness test may be applied include where the veteran:

Last amended: 21 September 2009

Determining the rate for non-blinded service pensioners

SCH6-A1(2) of VEA

This section contains information on adjustments, reductions and increases that can be made to the assessed rate of service pension and income support supplement and on deductions which can be made from pension payments.

What are government and semi-government bonds?

Government and semi-government bonds are securities which:

Last updated 12 January 2007

Frequency of rent payment

Persons who pay rent on a regular basis, may be eligible to receive [glossary:rent assistance:367]. This also applies to persons who do not pay rent on a regular basis, provided they pay or are liable to pay rent at least annually.    

This section contains general information on the deeming provisions.

Last amended: 1 July 2014

Definition of respite care

Last amended: 18 August 2011

Purpose of an entry contribution

The amount paid as an [glossary:entry contribution:426] is compared to the applicable [glossary:extra allowable amount:641], in the assessment of a [glossary:special residence:465], to determine whether or not a person should be considered a [glossary:homeowner:295]. Both refundable and non refundable entry contribution amounts must be included for this purpose.    

Last updated 12 January 2007

Definition of a non-homeowner

A non-homeowner is a person who does not have a right or interest which gives reasonable security of tenure in the [glossary:principal home:349].

Non-homeowner's eligibility for rent allowance

Non-homeowners do not have any right or interest in their principal home and therefore may be eligible for [glossary:rent assistance:367].