Policy

Issues affecting calculation of the rate of service pension or ISS

The calculation of a person's rate of service pension or ISS can be affected by:

• application of the financial hardship rules,
• participation in the Home Equity Access Scheme,
• receipt of periodic compensation payments, and
• receipt of Payments under the New Enterprise Incentive Scheme

Application of the financial hardship rules

Failure to receive adequate financial consideration

Deprivation is assessed if a pensioner does not receive [glossary:adequate financial consideration:228] and:

• transfers the legal title of their principal home to another person, or    
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  Chapter 9.2 Residential Situations

Last amended: 5 March 2010

Special exemption guidelines

The Minister can also exempt 'Saved' Loans and 'frozen' Unlisted Property Trusts.

Requests for exemption should be forwarded to the Investment Data Base Unit in Sydney, and recommendations are then made to the Minister.

Church and charitable institution exemptions

Prior to 1 January 2010 specific funds offered by certain church and charitable institutions were exempt from deeming.

Illness separation and respite care

A [glossary:member of a couple:84] may eligible to receive the [glossary:not a member of a couple rate:392] when    

Last updated 12 January 2007

Types of mobile homes

The following types of residences are examples of what is considered to be a mobile home:

• caravan,
• boat,
• transportable home,
• vehicle, and
• tent.

Assessment of a mobile home

The following table provides reference points for the assessment rules of certain types of mobile homes.    

What is PBLCI

Pensions and allowances

This section contains information on the deeming provisions as they apply to shares investments.

Principal home

The Principal home, is generally the place in which a person resides for the greatest amount of time each year. This must be established in order to assess whether or not a person is a [glossary:homeowner:295].