Assets test
Rules for non-customer care receiver assets test
Table 1: This table describes the situations when the care receiver's (including relevant family members) income is below current limit and either under or over the Special Income Test.
Care receiver's
income - current financial year | Assets | Liquid Assets | SSA section | Carer payment payable |
Under Special Income Test (SIT) | Low | N/A | S198N(2) | Yes |
Under SIT | Med | Over | S198N(3) | Yes |
Under SIT | Med | Under | S198N(3) | Yes |
Under SIT | High | Under | S198N(4) | Yes |
Under SIT | High | Over | S198N(4) | No |
Over SIT | Med | Under | S198N(3)(b) | Yes |
Over SIT | Med | Over | S198N(3)(a) | Yes |
Over SIT | High | Under | S198N(4) | No |
Over SIT | High | Over | S198N(4) | No |
Income test
Rules for the non-customer care receiver income test
Table 2: This table describes the situations when a non-customer care receiver either passes or fails the income test. For the care receiver income thresholds see the Carer Payment (CP) - Care Receiver Income and Asset Limits link on the Rates and Thresholds page.
Base year taxable income | Current financial year estimate | Pass/fail care receiver income test | SSA section |
Below | N/A | Pass | S198A(1) |
Above | Below | Pass | S198C |
Above | Above | Fail | S198A(1) |
Changes to care receiver’s income and assets
Table 3
Example | Description |
No notifiable event – change to taxable income | - Today is 20 November 2023
- John is in receipt of Carer Payment in respect of Bill.
- On 1 August 2023 John notifies Bill’s taxable income for 22/23 exceeded the CRIA income limit
- The base tax year on 1 August 2023 was 21/22 and Bill’s taxable income for 21/22 was under the CRIA income limit
- On 1 January 2024, the base tax year would be 22/23 and Bill’s taxable income for 22/23 exceeded the CRIA income limit. CP should be cancelled from 1 January 2024
|
No notifiable event – change to assets | - Today is 20 November 2023
- John is in receipt of Carer Payment in respect of Bill
- On 1 August 2023 John notifies Bill inherited a property worth $3,000,000 on 1 July 2023
- Bill’s liquid assets exceed $10,000
- CP is cancelled from the date of determination. If the reassessment is actioned today, payment would be cancelled from 20 November 2023
|
Notifiable event – change to assets | - Today is 20 November 2023
- John is in receipt of Carer Payment in respect of Bill
- On 1 August 2023 John notifies Bill inherited a property worth $3,000,000 on 1 July 2023
- Bill’s liquid assets exceed $10,000
- CP is cancelled from the date of determination. If the reassessment is actioned today, payment would be cancelled from 20 November 2023
|
Notifiable event – change to taxable income, increase in income notified | - Today is 5 August 2023
- John is in receipt of Carer Payment in respect of Bill
- On 1 August 2023 John notifies Bill’s taxable income for 22/23 exceeded the CRIA income limit
- As there was a notifiable event, the base tax year changed from 21/22 to 22/23 and CP should be cancelled from 1 August 2023
|
Notifiable event – change to taxable income, increase in income not notified | - Today is 5 August 2023
- John is in receipt of Carer Payment in respect of Bill
- On 1 August 2023 John notifies Bill’s taxable income for 22/23 exceeded the CRIA income limit
- As there was a notifiable event, the base tax year changed from 21/22 to 22/23 and CP should be cancelled from 1 August 2023
|
Forms
Carer Payment Income and assets details of the person being cared for - 16 years or over (SA304A)
Carer Payment Income and assets details - child or children being cared for - under 16 years (SA304(C))
Publications
A guide to Australian Government payments
External websites
Department of Veterans' Affairs Fact Sheets - DVA03 Overview of DVA benefits and services
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