Policy

This chapter contains policy information relating to compensation offsetting and about how a Disability Compensation Payment or a war widow(er)'s or orphan's pension under the Veterans' Entitlements Act 1986 (VEA) may be affected by compensation from another source.

See Also

Ordinary shares

Ordinary shares:

• generally comprise the bulk of a company's equity capital, that is, shareholder's funds, and
• have a nominal or par value, commonly 25c, 50c or $1.00, which is required by laws governing the formation of companies.    
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For information about Deprivation related to trusts and private companies refer to the Policy Library P10/C3/S15 – Deprivation Provisions for Private Trusts or Companies.    

Section 10.3.15

Last amended: Written determinations required for illness separated or respite couples

Determinations by the [glossary:Commission:545] under section 5R(5) of VEA and section 5R(6) of VEA are made in writing.

Criteria for regarding a couple as illness separated

The criteria are:

(a) 2 people are members of a couple; and

(b) they are unable to live together in their home as a result of the illness or infirmity of either or both of them; and

This section explains the effect of dependent children on the assessment of income support payments.

Last amended: Commencement of the preclusion period

This section explains the assessment process and how pension rates are determined.

Introduction of GST

On 1 July 2000 all pensions, allowances and threshold amounts were increased to compensate for the introduction of the [glossary:GST:662], and the income taper rate was reduced from fifty cents to forty cents in the dollar for income support payments.    

Indexation of the MBR – Prior to 1 January 2010

Last amended: 1 July 2009