The following table explains how to assess the value of fixed term deposits, unlisted bonds, debentures and securities. An alternative value is accepted if a person provides supporting information.
More ? [2]
If the investment... |
then the assessable value is the... |
can be traded, |
market value [3]. |
cannot be traded, |
amount paid by a person for the investment. |
The assets value is the last sale price quoted in the financial press.
If the sale price is not quoted in the financial press, the assets value is the:
A 12% deferred interest bond of $100 has a value of:
The assets value for commercial bills is the:
The value of dingo bonds, digger bonds and zero coupon bonds can be obtained from the merchant bank or financial institution that issued them.
More ? [6]
The market value of an asset [3] is the point at which a willing purchaser and a willing, but not anxious vendor, would reach agreement.
The market value of an asset is only decreased by the value of an encumbrance secured against it. The market value of an asset is not reduced by any costs which may be incurred if the asset was to be sold.
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16443%23comment-form
[2] https://clik.dva.gov.au/book/export/html/16443#tgt-cspol_part10_ftn290
[3] https://clik.dva.gov.au/%23
[4] https://clik.dva.gov.au/book/export/html/16443#tgt-cspol_part10_ftn291
[5] https://clik.dva.gov.au/book/export/html/16443#tgt-cspol_part10_ftn292
[6] https://clik.dva.gov.au/book/export/html/16443#tgt-cspol_part10_ftn293
[7] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/954-deeming-savings-investments
[8] https://clik.dva.gov.au/book/export/html/16443#ref-cspol_part10_ftn290
[9] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/956-deeming-managed-investments
[10] https://clik.dva.gov.au/book/export/html/16443#ref-cspol_part10_ftn291
[11] https://clik.dva.gov.au/book/export/html/16443#ref-cspol_part10_ftn292
[12] https://clik.dva.gov.au/book/export/html/16443#ref-cspol_part10_ftn293