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.
The general principle behind [glossary:compensation offsetting:395] is that a person should not be compensated twice for the same [glossary:incapacity:350] or in the case of [glossary:war widow's/widower's pension:705] twice for a [glossary:veteran:424]'s death. Nor should a person receive more compensation than an equivalent person would receive for the injury or disease if they were only eligible for compensation from the one source.
A [glossary:loan:604] is a [glossary:financial asset:241], especially money, which is lent, on the condition that it be returned, usually with interest.
How to apply deeming to loans
