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Completing the Private Company MOD PC 043-04010030

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Policy

Social Security Guide1.1.C.220 Company - public & private

Social Security Guide 4.7.2.10 Assessable Income from Private Companies pre-01/01/2002

Social Security Guide 4.7.2.20 Assessable Assets from Private Companies & Unlisted Public Companies

Social Security Guide 4.1.4 Deprivation Related to Trusts & Private Companies before 01/01/2002

Legislation

Links to the Federal Register of Legislation site go to an 'All versions' page. Select the 'Latest' version.

Definitions

Social Security Act 1991

  • section 8(2), Income amount earned, derived or received
  • section 9(1), Financial assets and income streams definitions
  • section 11(1), Assets test definitions

Assessment of income

Social Security Act 1991

  • section 1073(1), Certain amounts taken to have been received over 12 months
  • section 1075(1), Permissible reductions of business income

Power to request information

Social Security Act 1991

  • section 63(2), Requirement to attend Department etc.
  • section 192, General power to obtain information