Policy

Last amended: 1 July 2009

Definition of child

Last Amended: 29 June 2005

Impact of compensation

The compensation recovery assessment rules may apply to payments of compensation if:

• the compensation is regarded as wholly or partly for economic loss, and
• the compensation recipient is receiving a [glossary:compensation affected pension:] [glossary:(:][glossary:CAP:][glossary:):].

Different assessment rules apply to payments of compensation if:

Payments affected by deeming provisions

The following payments are affected by deeming:

• [glossary:service pension:245];
• [glossary:income support supplement:118];
• veteran payment.

Financial assets to which deeming applies

Deeming applies to [glossary:financial assets:241], which consist of:

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