Section 45TV VEA - basic rule for gainful work
Section 45TZ VEA - domestic duties not being gainful work
To accrue a bonus, a member must meet the minimum work requirements for each bonus year. They, or their partner, must perform [glossary:gainful work:75] for each bonus year. They must also keep a work record.
Section 45TS VEA - work test VEA - full year period
Section 45TT VEA - work test VEA - part year period
Non accruing membership – Commission's discretion
Section 45TO VEA
This section outlines the policy regarding the repayment of loans under the Home Equity Access Scheme.
The amount owed by a person under the Home Equity Access Scheme is deducted from the value of the assets held as security against the loan. If the assets held as security are assessable under the assets test, the person's pension entitlement under the assets test increases as the amount is deducted from the value of those assets. As the person's pension entitlement increases, their fortnightly loan rate may decrease depending on how they have set their Home Equity Access Scheme rate.
Last amended: Children and rent assistance
Whether DVA or the Family Assistance Office pays rent assistance to a service pensioner or income support supplement recipient paying rent, is determined by:
whether the child is a [glossary:saved child:651].
Last amended: Purpose of the reasonableness test
As a means of minimising the capacity for [glossary:assets test:599] avoidance, a test of reasonableness is applied to the [glossary:granny flat:52] [glossary:entry contribution:426]. The reasonableness test uses an approximation of actuarial values, based on [glossary:life expectancy:348], to estimate the value to the veteran of the life accommodation interest. Examples where the reasonableness test may be applied include where the veteran:
Last amended: 21 September 2009
SCH6-A1(2) of VEA
