When a pensioner requests a reassessment of an entity's circumstances s/he must show just cause as to why this should occur. The following outlines a number of circumstances that may warrant a reassessment. However, this is not a definitive list. Each case will need to be examined on its merits.
Some of the circumstances that may warrant a reassessment are:
Example 1 could include:
Example 2 could include:
Pensioner A is the sole attributable stakeholder of a private company. He has been on an annual assessment cycle for 2 years but has requested a reassessment of his circumstances due to a severe downturn in business turnover. He provides all relevant documentation and the staff member decides to put Pensioner A on a 3 monthly reassessment cycle. Pensioners A's attribution period becomes the period of reassessment (3 months) and his derivation period [2] is the current tax year [2].
A tax year means:
[glossary::]http://www.comlaw.gov.au/comlaw/management.nsf/lookupindexpagesbyid/IP200401614?OpenDocument [4]
or
[5]http://www.comlaw.gov.au/comlaw/management.nsf/lookupindexpagesbyid/IP200401745?OpenDocument
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16324%23comment-form
[2] https://clik.dva.gov.au/%23
[3] http://clik.dva.gov.au/legislation-library
[4] http://www.comlaw.gov.au/comlaw/management.nsf/lookupindexpagesbyid/IP200401614?OpenDocument
[5] http://www.comlaw.gov.au/comlaw/management.nsf/lookupindexpagesbyid/IP200401745?OpenDocument