Policy

What is compensation offsetting?

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.

Loans

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.    

Last amended: 9 September 2021

Entitlement to a Gold Card

War widows/widowers and orphans retain their entitlements to a Gold Repatriation Health Card regardless of compensation offsetting.    

Last updated 12 January 2007

Assessment of a home owned by a private company

The following table provides reference points for the assessment rules of certain types of company title properties.    

The following table describes the consequences of the deeming of income from share investments. The basic principle is that actual returns from shares in any form in the following table are not assessed as income because deemed income is assessed from the types of share investments listed in:

Last amended: Effect of periodic compensation payments on a person's pension

Last updated 1 November 2012

Definition of dual occupancy

Dual occupancy residential development is a residential housing scheme approved by some planning authorities which allows the construction of a detached dwelling on a large block of land where a residence already exists. Under this type of residential development the title to the land is not altered. A dwelling can be regarded as a dual occupancy dwelling if the land title on which it is located cannot be subdivided.

This section demonstrates how the Reasonableness Test is used to determine how much of the amount contributed for the purchase or construction of a [glossary:granny flat:52] should be assessed as an [glossary:entry contribution:426].

The amount considered to be an entry contribution is then assessed according to the [glossary:Special Residence:465] Basic Assessment Rules.

Employer's liability for workers' compensation

Under workers' compensation legislation in most States, the employer's liability to pay weekly compensation (periodic payments) for total or partial incapacity for work can be redeemed in certain circumstances by the payment of a lump sum.