The consumer price index (CPI) provides the official measure of inflation in Australia. The CPI measures quarterly changes in the price of a 'basket' of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. metropolitan households).

An exempt asset is one that is disregarded when calculating the value of a person's assets under the assets test.  Examples of exempt assets include:

• the value of a person's principal home,
• any motor vehicle provided under the Vehicle Assistance Scheme,
• the value of any medal or decoration awarded for valour, other than used as an investment or hobby,
• up to two funeral bonds where the combined amount invested is within the funeral bond threshold,
• a prepaid funeral or cemetery plot
• value of a superannuation fund investment prior to pension age.

For a full legislative definition see section 52 of the VEA.