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Personal Assets Test for allowances, Austudy and independent Youth Allowance or ABSTUDY customers 108-01020030



Policy

ABSTUDY

Links to the ABSTUDY Policy Manual go to pdf and docx documents. Select the document and go to the reference(s) below.

ABSTUDY Policy Manual

  • 65.1, Exemptions from the Personal Assets Test
  • 65.2, The Personal Assets Test
  • 63.1.1, Exempt assets

Note: there is no legislation for ABSTUDY.

Youth Allowance

Social Security Guide, 4.2.8.30, Independent YA - Personal Assets Test & Limits

General

Social Security Guide, 4.2.3, Pensions & Benefits Assets Tests & Limits

Social Security Guide, 4.6, Assets

Social Security Guide, 4.6.2, Assets that are Exempt from Assessment

Social Security Guide, 4.6.6, Determining the Value of an Asset

Social Security Guide, 4.6.5.30, Assessing Property, Real Estate & Unit Trusts

Social Security Guide, 4.6.6.10, General Provisions for Valuation of Assets

Social Security Guide, Government response to Coronavirus

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the 'Latest' version.

Youth Allowance

Social Security Act 1991

  • section 547A, Allowance not payable if assets value limit exceeded
  • section 547B, who is excluded from application of assets test?
  • section 1067G, Module L, Table of pensions, benefits, allowances, and compensation

Austudy

Social Security Act 1991

  • section 573, Austudy Payment not payable if assets value limit exceeded
  • section 573A, Who is excluded from application of assets test

JobSeeker Payment

Social Security Act 1991

  • section 611, Assets test-allowance not payable if assets value limit exceeded
  • section 612, Value of assets of members of couples

General provisions relating to the Assets Test

Social Security Act 1991

  • section 11, Assets test definitions
  • section 1118, Certain assets to be disregarded in calculating the value of a person's assets
  • section 1121A, Effect of certain liabilities on value of assets used in primary production
  • section 1123, Disposal of assets
  • section 1131, Access to financial hardship rules - benefits
  • section 1132, Application of financial hardship rules - benefits

Farm Household Support Act 2014

  • Part 5 - Application and modification of the Social Security Act and the Social Security Administration Act