Last amended: 5 March 2010
DVA [2] has three investment data bases to help staff with assessing financial assets for service pension [2] and Income Support Supplement [2] purposes.
Staff can access and capture investment information in PIPSPC for the following financial asset [2] categories:
The databases display the following information:
The Deeming Exemption Register contains information on church or charitable investments that were exempted prior to 1 January 2010, and exempted failed investments including:
The Department of Veterans' Affairs.
A service pension is an income support payment broadly equivalent to the social security age and disability support pensions. It may be paid once a veteran or partner has reached the nominated age or is incapacitated for work.
ISS is an income support payment that may be paid to eligible war widows and widowers under the VEA and persons receiving wholly dependent partners' compensation under the MRCA, and who satisfy the means tests. It is an indexed rate, increased twice-yearly in March and September in line with changes to the cost of living and/or average wages. Income Support Supplement (ISS) legislation commenced on 20 March 1995. It is a payment created to replace the ceiling rate income support age, carer, wife and disability support pensions, paid to war widows/widowers by Centrelink.
According to section 5J(1) [10] of the VEA a financial asset means;
A superannuation fund is defined in the VEA as being:
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16110%23comment-form
[2] https://clik.dva.gov.au/%23
[3] https://clik.dva.gov.au/book/export/html/16110#tgt-cspol_part9_ftn459
[4] https://clik.dva.gov.au/book/export/html/16110#tgt-cspol_part9_ftn460
[5] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/955-deeming-shares-investments
[6] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/956-deeming-managed-investments
[7] https://clik.dva.gov.au/book/export/html/16110#ref-cspol_part9_ftn459
[8] https://clik.dva.gov.au/compensation-and-support-reference-library/deeming-exemptions-register/overview
[9] https://clik.dva.gov.au/book/export/html/16110#ref-cspol_part9_ftn460
[10] http://clik.dva.gov.au/legislation-library
[11] http://clik.dva.gov.au/glossary/foreign-superannuation-fund