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 Read more ... The Income and Assets Summary (PIAS) screen provides a list of the customer's income from all sources. Some of these include:
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:
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 Read more ... The Assessable Assets Summary (PAAS) screen provides a list of the customer's assets. Some of these include:
|
3 |
Income Test calculation example Read more ... 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 Read more ... George is a homeowner who has the following assets:
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. |