This section demonstrates whether a person residing in a [glossary:special residence:465] should be considered to be a [glossary:homeowner:295] or non-homeowner and it also provides additional assessment rules for variations on these residences.
The partnered [glossary:maximum basic rate:475] (MBR) is indexed each 20 March and 20 September by the greater of [glossary:CPI:622] and [glossary:PBLCI:668], then further increased if necessary so that it equals 50% of the [glossary:MTAWE:205] benchmark. The MTAWE benchmark is 41.76% of MTAWE. The combined partnered MBR is set at double the partnered MBR and the 'not a member of a couple' MBR is then set at 66.33% of the combined partnered MBR. Different rules apply for the transitional rate of service pension.
Listed securities, including derivative investments and foreign shareholdings, are listed on a stock exchange. They are [glossary:financial assets:241] for deeming purposes, regardless of whether:
The following table contains the listed securities that are included for deeming purposes:
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Listed Security |
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Last amended: 1 June 2021
The forgone wages policy is a limited concession to assist Australian farmers to retire and hand ongoing control of the farm to the next generation. This is achieved by recognising the value of forgone wages as valuable consideration, and excluding that value from the farming interest that is given to family members when determining the payability and rate of service pension or income support supplement.
Last amended: 1 June 2022
Last amended: 5 March 2013
For information about recieving Veteran Payment as the partner of a veteran please see Partners.
The determination of relationship status is important for the following reasons:
Last amended: 1 July 2014
Information about aged care means testing – residential care and home care - is contained within the Compensation & Support Reference Library.
Read the Aged Care Means Testing Guide here.
