The credit balance held in any account with a bank, building society or credit union is an asset for pension purposes and is assessed at full face value.
For assessment purposes, a person's assertion as to the balance of an account is generally accepted. Account balances may also be verified by:
Income assessment of bank, building society and credit union accounts
Section 9.5.4 [3]
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16440%23comment-form
[2] https://clik.dva.gov.au/book/export/html/16440#tgt-cspol_part10_ftn289
[3] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/954-deeming-savings-investments
[4] https://clik.dva.gov.au/book/export/html/16440#ref-cspol_part10_ftn289