Assessing income and assets from cooperatives 108-04030000

This document outlines how income and assets from a cooperative are assessed and recorded for Centrelink purposes.

Cooperative income and assets

This table describes the process to record details of income and assets from a cooperative.

Step	Action
1	Issue Income and Investments form (Mod iA) + Read more ... This form can be used to get the latest sale price of the cooperative shares from a customer (and/or partner). If the customer needs help in completing the form, see Completing the income and Assets Mod iA.
2	Return of completed Mod iA + Read more ... $\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-face-to-face.png$ Are there enough details filled out on the Mod iA to code the Unlisted Public Companies (SIUS) screen? E.g., does it have: the name of the cooperative the number of shares held the current market value and who owns the investment Yes, go to Step 3 No, ask the customer to give any relevant certificate(s) or latest statement(s) of their cooperative shares
3	Coding details and recording outcome + Read more ... $\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-face-to-face.png$ For deeming purposes, code the details on the Unlisted Public Securities (SIUS) screen of the customer's (and/or partner's) cooperative shares. Details of the deeming assessment will show on the Financial Investment Summary (IVIS) screen. Finalise the activity. Record the details of the assessment on a DOC.