This section contains information on assets that are disregarded when calculating the value of a person's assets.
Last amended: 10 August 2012
VEA → [3]
The value of any right or interest of a person, their partner [4] or both of them in the principal home [4] that gives security of tenure is a disregarded asset [4].
More → [5]
A person, including a person who is a member of a couple, may only have their right or interest in one residence disregarded for assets test purposes. Where members of a couple (including an illness-separated couple) reside in different homes, the full value of the residences other than the principal home are assessable. Generally, where residence is shared across more than one home, the home of greatest value is determined to be the exempt asset.
VEA → [6]
Curtilage [4] is the land adjacent to the exempt principal home. A certain amount of curtilage is disregarded for the assets test [4]. The amount of curtilage that is exempt depends on whether the private land use test [4] or the extended land use test [4] is satisfied. Under the private land use test, up to two hectares [4] on the same title as the principal home may be exempt. Under the extended land use test, all land on the same title as the principal home may be exempt.
More → [7]
VEA → [8]
If the principal home is sold, the value of the proceeds is assessed as an asset, unless the proceeds are likely to be used to acquire a new principal home within 24 months.
The portion of home sale proceeds that the person intends to use in acquiring the new residence will be a disregarded asset. The proceeds can remain a disregarded asset when progressively used for the new home. For example, to purchase land on which they intend to build the new home or to make progress payments for construction of the new home. The asset exemption ceases at the earliest of:
Note: Home sale proceeds, including any portion considered a disregarded asset, remain subject to the deeming provisions under the income test. As of 1st January 2023, only the lower deeming rate will be applied to home sale proceeds intended for acquiring a new home during the exempt period. When a progress payment is made for the construction of the new home, the deductible asset amount and the financial asset value should be reduced accordingly to ensure the correct deeming calculation. The deposit and any progress payments, at the time of being put towards the construction of the new principal home, acquire exempt principal home status.
More → [10]
If the person has acquired their new principal home but is prevented from immediately occupying it, the exemption may continue for a reasonable period. For example, occupancy may be delayed by an existing lease, or if the vendor needs to remain in residence for a period. If the continued exemption period would exceed 24 months from the date the former home was sold, please seek advice from Policy Advisings Income Support [11],
VEA → [12]
If a person sells their principal home on terms and purchases another residence on terms, only the balance due from the sale that is to be applied to the purchase of the new residence is an exempt asset. The exemption applies for the duration of the terms under respective agreements. Neither the standard 24 month exemption period, nor the extension applies to these cases.
VEA → [13]
Compensation and insurance payments received by a person for loss of, or damage to the principal home's buildings, plant or personal effects [4] are a disregarded asset for 12 months from the date that the payment was received. Compensation and insurance payments can be regarded as including payments received outside a formal contract of insurance (for example, to include government grants or public donations) provided these additional payments are intended to compensate the person for loss of or damage to buildings. The exemption applies to any payments of compensation or insurance received, and is not limited to the value of the loss or damage incurred. Compensation and insurance payments received for loss or damage to the principal home's building, plant or personal effects are exempt from assessment for 12 months., regardless of whether those payments are subsequently applied towards the rebu — ilding of the principal home.
If the person uses all or part of the payments received to repair/rebuild their old home or acquire a new home the total value of this payment can remain a disregarded asset even when progressively used to repair, rebuild, buy or build the home, such as for land or buildings. The value of the repair/rebuild, plus the value of the land that is part of the principal home and any previous structure already on that land, is disregarded under the assets test until the earliest of:
The exemption provision concerning received amounts of insurance or compensation is independent of the exemption provision concerning repairing/rebuilding or acquiring a new home. In the event that there are residual amounts after rebuilding/buying and 12 months has not elapsed, those residual amounts of compensation and insurance payments remain exempt until the end of the 12 month exemption period.
Note: Compensation and insurance payments for a lost or damaged principal home while considered a disregarded asset, are also exempted from the deeming provisions under the income test.
More → [15]
This approach also applies to compensation and insurance payments for lost or damaged real estate property.
More → [16]
Certain assets to be disregarded relating to the Principal Home
Section 52(1) (a) [17] VEA
Section 52(1) (b) [17] VEA
Section 9.2.2 Basic Principles of Assessment [19]
Section 9.2.7 Departure from the Principal Home [20]
Section 10.3.9 Home Owned by Private Trust or Company [21]
A person's 'partner' is someone who is a member of a couple with that person.
The principal home has the meaning given by subsection 5LA(1) [42] of the VEA and subsection 5LA(2) [42] of the VEA. The principal home of a person is generally the place in which they reside. In certain circumstances, however, the principal home of a person can be the place in which they formerly resided. The following property is regarded as part of the principal home.
A disregarded asset is one that is not included when calculating the value of a person's assets under the assets test, irrespective of its value.
For a full legislative definition see Section 52 of the VEA [43].
Curtilage is the land adjacent to the exempt principal home [4]. A certain amount of curtilage is disregarded for the assets test. [4]. The amount of curtilage that is exempt depends on whether the private land use test [4] described in section 5LA(3) of the VEA, or the extended land use test [4] described in section 5LA(4) of the VEA, is satisfied. Under the private land use test, up to two hectares on the same title as the principal home may be exempt. Under the extended land use test, all land on the same title as the principal home may be exempt.
One element of the means test for income support pensions whereby the rate of pension payable to a pensioner reduces progressively as their assets increase above a certain threshold known as the assets value limit (AVL). [44]
The private land use test is applied to all income support recipients with private land of two hectares [4] or less adjacent to the principal home [4] as described in section 5LA(3) [42]of the VEA [42], or with land of more than two hectares adjacent to the principal home when they fail the extended land use test.
The extended land use test is applied to income support recipients of veteran [glossary:pension age:DEF/Pension Age] whose [glossary:principal home:DEF/Principal home] is on a property of more than [glossary:two hectares:DEF/Two Hectares] as described in [glossary:section 5LA(4):] [45] of the VEA.
4.9421 acres.
For asset test purposes, personal effects and household contents include;
The following assets are not considered to be personal effects:
VEA ? [47]
The value of any life interest of a person is a disregarded asset unless it was created:
When the life interest [4] is in a person's principal home [4], the value of the interest is a disregarded asset.
VEA ? [48]
The value of any contingent, remainder or reversionary interest is a disregarded asset unless it was created by:
VEA ? [49]
A person's granny flat [4] interest in their principal home is a disregarded asset if the interest was acquired:
VEA ? [51]
A person's right or interest in a sale leaseback home is a disregarded asset (i.e. the person is taken to be a home owner) if the:
Actuarial valuations are required for the following:
A life interest arises when a pensioner:
A life interest remains current until the pensioner:
The principal home has the meaning given by subsection 5LA(1) [42] of the VEA and subsection 5LA(2) [42] of the VEA. The principal home of a person is generally the place in which they reside. In certain circumstances, however, the principal home of a person can be the place in which they formerly resided. The following property is regarded as part of the principal home.
A granny flat interest exists if a person has established a right to accommodation for life, or a life interest in another person's private home.
Granny flat interests are established by the following methods:
Refer to Section 5MA(2) [42] of the VEA for the full definition.
The "extra allowable amount" is the difference between the property owner assets value limit and the non property owner assets value limit which applies to the person.
As the property and non property owner assets value limits are indexed or adjusted on an annual basis, the extra allowable amounts also increase annually.
The assets value limits applied to this formula are the limits applicable at the time the person made the entry contribution to enter the special residence.
Refer to Section 52N [42] of the VEA for the full definition.
A life interest arises when a pensioner:
A life interest remains current until the pensioner:
The principal home has the meaning given by subsection 5LA(1) [42] of the VEA and subsection 5LA(2) [42] of the VEA. The principal home of a person is generally the place in which they reside. In certain circumstances, however, the principal home of a person can be the place in which they formerly resided. The following property is regarded as part of the principal home.
A contingent interest happens when the interest in an asset is dependent (contingent) on an event happening. The event may never happen.
A remainder interest is created when the owner of an asset transfers the legal title of the asset to another person and retains, or grants to a third person, an interest in the asset for life or a specified length of time. The interest held by the person is called a remainder interest. The person does not gain the benefit of their interest until the original owner's interest ends.
A reversionary interest happens when the owner of an asset grants an interest in the asset to another person for life or for a specified length of time. Ownership of the asset is not transferred.
When the other person's interest in the asset expires, the interest is returned (reverts) to the owner.
Valuable consideration is defined as receipts not in money form but capable of being valued in money terms.
Last amended: 27 June 2012
VEA ? [63]
Any asset a person inherits from a deceased estate which has not been received and is not able to be received for any reason is an exempt asset [4].
This exemption also applies to contingent, remainder or reversionary interests which are inherited, with the exemption continuing until such time as the contingent, remainder or reversionary interest is able to be received. A contingent, remainder or reversionary interest is only immediately assessable if it was created by the person or their partner.
VEA ? [64]
A contingent, remainder or reversionary interest may arise where a person other than the legal owner has a life interest. A life interest can be created without recourse to a formal or legal written agreement such as a will. For example, if a disabled or elderly relative who may or may not be a part owner of a house, has a long term attachment to it, and an understanding exists that this person is to have possession of the house until death or choosing to move out, then a beneficial life interest exists and can be recognised. This means that the property cannot be counted as an asset in the assessment of a DVA pension recipient who has legal title. This exemption continues until the life interest ceases, for example on vacating the property.
VEA ? [65]
A cemetery plot is a single plot in which it is intended to bury a person or their partner. A cemetery plot acquired by a person for themselves or their partner is an exempt asset. For couples, each member of the couple can have the value of a plot as an exempt asset.
VEA ? [66]
The amount of an advance payment made by a person for funeral services in respect of the person or their partner (a prepaid funeral [4]) is an exempt asset. Factors that might be taken into account in deciding if a person has a prepaid funeral for themselves or their partner include:
There is no limit applied to the amount that a person may invest in a prepaid funeral. However, if a person has a prepaid funeral, their funeral bonds cannot be exempt assets.
A funeral investment is usually called a funeral bond. A funeral bond is an investment offered by a friendly society or life insurance company to allow a person to set aside money to cover funeral costs of themselves or their partner. The bond provides benefits only upon the death of the nominated person and cannot be accessed earlier.
Depending on whether the requirements to be exempt are met, a funeral bond is assessed as either:
VEA ? [68]
Up to two funeral bonds per person's funeral may be treated as exempt assets if the combined amount invested does not exceed the funeral bond threshold [4]. The following table describes the other conditions that must also be met for the exemption to apply.
To be exempt the funeral bond must meet: |
Conditions |
all of these conditions |
|
and one of these conditions |
|
If the above conditions for exemption are met, the exempt funeral bond is disregarded from the income and assets tests, and any return from the exempt funeral bond is also disregarded.
More ? [69]
Note: The “amount invested” in a funeral bond refers to the total capital invested in the funeral bond and does not include any fees charged or increases in the value of the investment over time.
If funeral bonds are held in a company that is wound up, the initial receipt of proceeds from the termination of the funeral bond are not counted as income, as they are considered to be a return of the individual's own capital. However, depending on how the person uses the funds, the return will be taken into account under the income and assets test.
If the funds are transferred to another funeral bond and the value of the new bond is less than the allowable funeral investment threshold, it will remain exempt from assessment under the income and assets test.
VEA ? [70]
If the funds are invested, they are assessable as a financial asset and are subject to deeming.
If the funds are used to purchase an asset, such as a car, then the value of the asset will be assessable.
If the amount invested in two bonds exceeds the funeral bond threshold, or the person has more than two bonds, a beneficial decision is made about which combination of up to two exempt funeral bonds provides the best pension outcome. The value of the non-exempt bond will then be included in the pension assessment. This can only occur where the value of each of the bonds individually, is lower than the funeral bond threshold.
Where the combined amount invested in multiple bonds exceeds the funeral bond threshold, or the person has more than two funeral bonds, the current value of the funeral bonds is assessable. That is, the value of the funeral bond investment, plus any return on the investment.
For example, the combined amount invested in two bonds exceeds the funeral bond threshold and a choice must be made about which bond to exempt. The old funeral bond has an amount invested of $5,000 but a significantly higher current value of $11,000. The new bond has an amount invested of $9,000 and a current value of $9,500. Because the old bond has a higher current value, it is more beneficial for the old funeral bond to be assessed as exempt and the new bond as non-exempt.
For exemption purposes, the total amount invested in a joint funeral bond counts towards the funeral bond threshold of each party to the bond and is not halved. Each member of a couple may have up to two funeral bonds exempted if the sum of the amount invested in each member's bonds does not exceed the funeral bond threshold.
A couple have invested $5,000 in a joint funeral bond. One partner has also invested $4,000 in an individual bond and the other partner has invested $3,000 in an individual bond. Their assessment for exemption is:
Each member of the couple is considered to have two bonds (the joint bond plus their individual bond).
Some funeral providers advise clients to purchase a funeral bond from an insurance company or friendly society in payment for the prepaid funeral. The following table describes how to determine the ownership of the funeral bond for this arrangement.
If the prepaid funeral involves a funeral bond that has... |
Then... |
not been assigned by the pensioner |
the pensioner remains the owner of both the funeral bond and the prepaid funeral, which means
|
been assigned by the pensioner |
|
Assignment to transfer ownership of the funeral bond to the funeral director requires the following factors to be met:
An exempt asset is one that is disregarded when calculating the value of a person's assets [4] under the assets test [4]. Examples of exempt assets include:
For a full legislative definition see section 52 of the VEA.
A prepaid funeral is a funeral purchased in advance. The type and style of funeral is documented in a contract and the funeral is paid for at today's prices. There are no further costs to be paid regardless of when the funeral is required. A prepaid funeral is assessed as an exempt asset [4] and no threshold or limit applies.
An investment is a managed investment if:
For a full definition see also:
Sections 5J(1A), 5J(1B) and 5J(1C) of the VEA [43].
The funeral bond threshold is an annually CPI [4] indexed amount under section 59B of the VEA. A person may have up to two funeral bonds treated as exempt assets [4].
VEA ? [83]
A person entering a nursing home between 1 October and 5 November 1997 may have paid an accommodation bond. From 6 November 1997 nursing home accommodation bonds were replaced by accommodation charges.
Accommodation bonds paid for entry to a nursing home may be exempt if:
VEA ? [84]
The value of the refunded accommodation bond is disregarded depending on how the person funded the accommodation bond. The following table explains the exemption provisions for these accommodation bonds.
If a person funded the bond... |
then... |
using existing funds, |
the refunded bond amount is disregarded from both the income and assets tests. |
by selling their principal home, |
the disregarded amount is the greater of:
|
The net proceeds from the sale of the principal home are calculated by:
The amount of the accommodation bond which is disregarded under the assets test will remain constant in all circumstances. Situations may arise where a person has less assessable assets than the amount to be disregarded. In this circumstance the person would be assessed as having nil assets. Should the person's assets later increase to the extent that their assessable assets exceed the amount to be disregarded, the full amount to be disregarded will be subtracted from their assessable assets.
VEA ? [85]
Where a person who is a member of a couple is entitled to the assets test exemption of a refunded bond, 50% of the amount to be disregarded will be applied to the person and the other 50% to their partner. Should one member of the couple die, however, 100% of the amount to be disregarded will be applied to the surviving member.
It was not intended that the accommodation charge for nursing home residents which was introduced on 6 November 1997 would be paid by any pre 1 October 1997 residents. However the enabling legislation did not protect a pre 1 October 1997 resident who moved to a different nursing home after 1 October 1997 from liability for the charge. As a result, the legislation was amended in 1999 to exempt such residents from the charge and to provide for a refund of the amounts already paid.
The value of the refunded accommodation charge is disregarded under the assets test. The exemption will apply whether the person has retained the funds or not. A deduction equivalent to the amount refunded is to be deducted from the person's total assets.
The principal home has the meaning given by subsection 5LA(1) [42] of the VEA and subsection 5LA(2) [42] of the VEA. The principal home of a person is generally the place in which they reside. In certain circumstances, however, the principal home of a person can be the place in which they formerly resided. The following property is regarded as part of the principal home.
VEA: subsection 52(1)(d)
The value of an asset-test exempt income stream is a disregarded asset for assets-test purposes.
For partially asset-test exempt income streams, half of the value is a disregarded asset for assets-test purposes.
More: 10.5 Income Streams.
VEA: subsection 52(1)(da)
The value of any foreign superannuation pension is a disregarded asset for assets-test purposes.
The value of a person's investment in a superannuation fund or an approved deposit fund is a disregarded asset until the person:
Provided it is not used for the purposes of investment or as a hobby, the value of any medal or other decoration awarded for valour that is owned by a person is a disregarded asset. This includes medals and other decoration awarded to someone else beside the owner.
If DVA [4] provided the person with a motor vehicle under the Vehicle Assistance Scheme, the value of that vehicle is also a disregarded asset. More → [95]
An amount received by a pensioner within the preceding 90 days which is paid to or on behalf of that person or their partner under a home equity conversion agreement is a disregarded asset to the extent that the total amount owed by the person or by the person and their partner under home equity conversion agreements from time to time does not exceed $40,000. More → [99]
The 2001 Australian Government Budget provided for a one-off payment of $25,000 to all Australian service personnel and civilians who were held captive by Japan during World War II or their widows or widowers who were alive on 1 January 2001.
This $25,000 one-off payment is disregarded under the assets test by allowing it as a deduction from the value of the person's total assets for life. More → [102]
See the Compensation (Japanese Internment) Act 2001, Item 12. This item covers both those under the Act – civilians and widows, and those under the Veterans' Entitlements (Compensation – Japanese Internment) Regulations 2001, that is, veterans.
Compensation (Japanese Internment) Act 2001 [103]
Veterans' Entitlements (Compensation – Japanese Internment) Regulations 2001 [104]
If the recipient of the payment remarries, the $25,000 continues to be disregarded and is deducted from the joint assets of the recipient and their partner, during the recipient's lifetime. The assets test exemption does not transfer to another person, including the widow/er, upon the death of the recipient of the payment.
The payment is regarded as an exempt lump sum under the income test. More → [106]
The same does not apply to ex-gratia payments made:
These payments are regarded as an exempt lump sum for income test purposes, but if the money received from these payments is invested, used to acquire assets or disposed of, then the subsequent investment, asset acquisition or disposal is assessed using the appropriate income and assets test rules. More → [109]
NDIS amounts [4] held by, or on behalf of, an NDIS participant [4] to pay for future disability expenses under their NDIS plan [4] are an exempt asset.
The assets test exemption also applies to any actual returns earned, derived or received on NDIS amounts.
The calculation of the disregarded NDIS asset amount is –
LESS
Section 52(1)(f)
Section 52(1) (l) [43]
Section 52(1) (m) [43]
VEA → (go back) [116]
If a person, their partner [4], or a dependent child [4] of either, is a disabled person, the value of the following is to be disregarded:
See the Compensation (Japanese Internment) Act 2001, Item 12. This item covers both those under the Act – civilians and widows, and those under the Veterans' Entitlements (Compensation – Japanese Internment) Regulations 2001, that is, veterans.
Compensation (Japanese Internment) Act 2001 [103]
Veterans' Entitlements (Compensation – Japanese Internment) Regulations 2001 [104]
Currently, the pension age for a veteran is 60 years of age (VEA 5QA).
The pension age for a non-veteran is determined by the table below:
Date of birth (both dates inclusive) | Age Pension age |
1 July 1952 to 31 December 1953 | 65 years and 6 months |
1 January 1954 to 30 June 1955 | 66 years |
1 July 1955 to 31 December 1956 | 66 years and 6 months |
On or after 1 January 1957 | 67 years |
Qualifying age is defined in section 5Q(1) of the [43]VEA [43]and is equivalent to the pension age for a veteran which is described in section 5QA VEA as:
The Department of Veterans' Affairs.
Has the same meaning as in the National Disability Insurance Scheme Act 2013, and means an amount paid under the NDIS in respect of reasonable and necessary supports funded under a NDIS participant’s plan.
Has the same meaning as in the National Disability Insurance Scheme Act 2013, and means a person with disability who meets the access requirements to become a participant in the NDIS.
Has the same meaning as in the National Disability Insurance Scheme Act 2013 and is the plan agreed between an NDIS participant and a Disability Care Australia planner setting out the reasonable and necessary supports the participant requires to achieve their goals and aspirations and describing how these supports will be provided.
A person's 'partner' is someone who is a member of a couple with that person.
Section 5F(1) of the VEA defines dependent child as having the same meaning as in the Social Security Act 1991. For income support purposes, dependent child is defined as:
Child under 16 years
A child under 16 years cannot be considered a dependent child if:
Child 16 years or older
A young person who has turned 16 years but is under 22 years can still be a dependent child of the pensioner if:
A child over 16 years cannot be considered a dependent child if:
Income includes earning from casual, part-time or full-time earnings.
Note: the meaning of a dependent child for DVA income support pension purposes is not the same as the meaning for Family Tax Benefit purposes.
A loan or debt that is legally irrecoverable [4] is a disregarded asset [4], because it has no value.
A loan or debt is legally irrecoverable [4] solely if it has not been repaid in full or in part according to the terms of the loan agreement and within the time frame specified in the statute of limitations of the relevant State. A loan or debt is not legally irrecoverable solely because there is no documentation of the loan or debt agreement.
The fact that a debtor is unable to repay a loan or debt does not automatically mean the loan or debt is irrecoverable.
If a debtor is able to repay a loan or debt but is unwilling or refuses to do so, the loan or debt is still legally recoverable and continues to be assessed as an asset.
More ? [123]
The Statutes of Limitations specify the date after which the loan or debt is legally considered irrecoverable. The date at which the limitations apply varies, depending on how the loan or debt was to be repaid:
If the loan or debt is... |
then the Statute of Limitations operates from... |
repayable on demand |
the later of: - the date of demand, or - the date of the last repayment. |
subject to regular repayments or repayments at will, |
the later of:
|
repayable on a specific date |
the specific date that repayment is due. |
The following table shows whether a loan is an assessable asset for individual debtors.
More ? [124]
If the individual debtor... |
then the loan... |
and... |
is an undischarged bankrupt, |
may be irrecoverable or may be partially recoverable, |
if the loan is:
|
|
is partially recoverable, |
|
|
is recoverable |
an assessable asset. |
|
may be irrecoverable or partially recoverable |
If the loan is:
|
If the trust |
then the loan is... |
and... |
|
|
recoverable |
an assessable asset. |
|
|
possibly recoverable |
may be an assessable asset. |
|
|
partially recoverable |
an assessable asset. |
|
A loan [4] or debt is legally irrecoverable solely if it has not been repaid in full or in part according to the terms of the loan agreement and within the time frame specified in the statute of limitations of the relevant State. A loan or debt is not legally irrecoverable solely because there is no documentation of the loan or debt agreement. The fact that a debtor is unable to repay a loan or debt does not automatically mean the loan or debt is irrecoverable.
A disregarded asset is one that is not included when calculating the value of a person's assets under the assets test, irrespective of its value.
For a full legislative definition see Section 52 of the VEA [43].
A loan [4] or debt is legally irrecoverable solely if it has not been repaid in full or in part according to the terms of the loan agreement and within the time frame specified in the statute of limitations of the relevant State. A loan or debt is not legally irrecoverable solely because there is no documentation of the loan or debt agreement. The fact that a debtor is unable to repay a loan or debt does not automatically mean the loan or debt is irrecoverable.
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16532%23comment-form
[2] https://clik.dva.gov.au/user/login?destination=node/16462%23comment-form
[3] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn237
[4] https://clik.dva.gov.au/%23
[5] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn238
[6] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn239
[7] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn240
[8] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn241
[9] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn242
[10] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn243
[11] mailto:PAIS@dva.gov.au
[12] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn244
[13] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn245
[14] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn246
[15] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn247
[16] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn248
[17] clik://LEGIS/VEA/section 52(1)
[18] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn237
[19] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/922-basic-principles-assessment
[20] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/927-departure-principal-home
[21] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/103-business-structures-and-trusts/1039-assessing-assets-private-trust-or-company-01012002
[22] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn238
[23] clik://LEGIS/VEA/section 5LA(3)
[24] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn239
[25] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/923-additional-assessment-rules-certain-types-residences
[26] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn240
[27] clik://LEGIS/VEA/section 52(2)
[28] clik://LEGIS/VEA/section 52(2A)
[29] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn241
[30] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/927-departure-principal-home/sale-or-deprivation-home
[31] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/927-departure-principal-home/extension-home-proceeds-exemption
[32] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn242
[33] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/954-deeming-savings-investments/deemed-income-savings-investments
[34] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn243
[35] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn244
[36] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn245
[37] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/927-departure-principal-home/temporary-absence
[38] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn246
[39] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn247
[40] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/102-assets/1024-assessing-personal-assets-and-investments/assets-value-property-and-real-estate
[41] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn248
[42] http://clik.dva.gov.au/legislation-library
[43] http://www.comlaw.gov.au/Series/C2004A03268
[44] http://clik.dva.gov.au/glossary/assets-value-limit-avl
[45] http://clik.dva.gov.au/node/32981
[46] https://clik.dva.gov.au/user/login?destination=node/16433%23comment-form
[47] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn249
[48] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn250
[49] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn251
[50] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn252
[51] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn253
[52] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn254
[53] https://clik.dva.gov.au/service-eligibility-assistant-updates/all-determinations-order-date-signed-oldest-most-recent/determinations-under-vea
[54] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn249
[55] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn250
[56] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn251
[57] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/925-special-residence-assessment-rules
[58] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn252
[59] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn253
[60] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/925-special-residence-assessment-rules/sale-leaseback-arrangements
[61] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn254
[62] https://clik.dva.gov.au/user/login?destination=node/16500%23comment-form
[63] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn255
[64] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn256
[65] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn257
[66] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn258
[67] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn259
[68] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn260
[69] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn261
[70] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn262
[71] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn255
[72] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn256
[73] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn257
[74] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn258
[75] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/102-assets/1024-assessing-personal-assets-and-investments/assets-value-managed-investments
[76] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/95-deeming-provisions/956-deeming-managed-investments/deemed-income-other-managed-investments
[77] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn259
[78] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn260
[79] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/101-ordinary-income/1013-income-exempt-assessment/exempt-income-other-non-government-sources
[80] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn261
[81] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn262
[82] https://clik.dva.gov.au/user/login?destination=node/16336%23comment-form
[83] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn263
[84] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn264
[85] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn265
[86] https://clik.dva.gov.au/legislation-library
[87] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn263
[88] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn264
[89] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn265
[90] https://clik.dva.gov.au/user/login?destination=node/16412%23comment-form
[91] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn271
[92] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn272
[93] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn273
[94] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn274
[95] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn275
[96] https://clik.dva.gov.au/compensation-and-support-policy-library/part-6-veterans-compensation-allowances-and-benefits/64-vehicle-assistance-scheme-vas
[97] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn275
[98] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn276
[99] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn277
[100] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/102-assets/1024-assessing-personal-assets-and-investments
[101] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn277
[102] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn278
[103] http://www.comlaw.gov.au/Series/C2004A00808
[104] http://www.comlaw.gov.au/Series/F2001B00159
[105] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn278
[106] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn279
[107] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/101-ordinary-income/1013-income-exempt-assessment/exempt-lump-sums
[108] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn279
[109] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn280
[110] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn280
[111] https://clik.dva.gov.au/book/export/html/16532#tgt-VEA_ftn1
[112] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/105-income-streams
[113] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/104-superannuation-funds
[114] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn272
[115] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn273
[116] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn274
[117] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn276
[118] https://clik.dva.gov.au/book/export/html/16532#ref-VEA_ftn1
[119] https://clik.dva.gov.au/book/export/html/16532#tgt-SSA_ftn1
[120] http://www.comlaw.gov.au/Series/C2004A04121
[121] https://clik.dva.gov.au/book/export/html/16532#ref-SSA_ftn1
[122] https://clik.dva.gov.au/user/login?destination=node/16454%23comment-form
[123] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn281
[124] https://clik.dva.gov.au/book/export/html/16532#tgt-cspol_part10_ftn282
[125] https://clik.dva.gov.au/compensation-and-support-policy-library/part-10-types-income-and-assets/102-assets/1024-assessing-personal-assets-and-investments/assessing-failed-loans-and-debts
[126] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn281
[127] https://clik.dva.gov.au/book/export/html/16532#ref-cspol_part10_ftn282