Policy

Assessing disposal of private annuities

What is a lifestyle effect?

A lifestyle effect is a disadvantage, resulting from an [glossary:accepted condition:679] that limits or prevents the fulfilment of a role that is normal for a veteran of the same age without the accepted condition. [glossary:GARP:181] rates four components of a veteran's life that may be affected by war-caused incapacity:

Person required to take reasonable action to obtain compensation

If a person:

Last amended: 1 August 2014

Reasons for departure from aged care

An aged care resident may depart aged care by reason of:    

This section contains information on the income test and the assets test. A person's income and assets affect the amount of:

• service pension or income support supplement if the person is not blind; and
• rent assistance for a service pensioner who is not a war widow/widower-pensioner and who is blind.

This chapter contains information on the process of calculating an individual's rate of service pension and income support supplement (ISS), including details of the adjustments that may be applied to a person's assessed rate of pension. It also outlines the deductions that can be made from the amount of pension payable.

See Also

Last amended: 21 March 2014

Disposing of an asset or income

Last updated 12 January 2007

Assessment of a business conducted from home

The following table provides reference points for the assessment rules of businesses conducted from home.    

This chapter outlines the rules on assessing a person's residence.

See Also

Overseas managed investments

Deeming applies to [glossary:managed investments:707] held overseas.

Non-exempt funeral bonds

Deeming applies to funeral bonds that are not [glossary:exempt assets:573].