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Parenting Payment Single (PPS) income and assets tests 108-01010150

Examples

Applying the Income and Assets Test for PPS customers

This table describes examples of applying the income and assets test for PPS customers. Note: rates and limits used are for example only and may not reflect current rates.

Item	Description
1	View a summary of a Parenting Payment Single (PPS) customer's income The Income and Assets Summary (PIAS) screen provides a list of the customer's income from all sources. Some of these include: financial investments - deemed income real estate and business foreign income other government payments, for example Department of Veterans' Affairs (DVA) Note: Parental Leave Pay (PPL) for children born or entrusted to care on or after 1 October 2016 is counted as ordinary income however will not display on the PIAS screen. To view details of the assessment results of a PPL claim go to the P1RCS screen, which includes: a claim overview Details of the PPL claim on the (P1RCD) table PPL days calculation details summary on the (P1RCE) table The amount of PPL will be included in the ‘Income total’ amount displayed on the Factors Affecting Rate (PFAR) screen.
2	View a summary of a PPS customer's assets The Assessable Assets Summary (PAAS) screen provides a list of the customer's assets. Some of these include: investments business assets foreign assets trusts and companies assets
3	Income Test calculation example Laura has 3 children. Laura's total ordinary income after applying the Working Credit rules is $450 per fortnight. Maximum rate used for example is $862.20. Affecting income = (total income - allowable income) x 40% ($450 - $241.80) x 40% = $83.28 Laura's fortnightly PPS rate = maximum rate payable - affecting income $862.20 - $83.28 = $778.92
4	Assets Test calculation example George is a homeowner who has the following assets: a rental property valued at $340,000 with no mortgage a car valued at $37,000 with an outstanding car loan of $30,000 other personal assets, total value $11,000 Total value of assets is: $340,000 + $7,000 + $11,000 = $358,000. Asset limit for single homeowner is $268,000, therefore PPS will be rejected as the value of George's assets is over the Assets Test limit. However, George may be eligible to be considered under the assets hardship rules.