Transfer of the Home Equity Access Scheme (HEAS) debt based on Court Order 065-19062519

Policy

Qualification

Social Security Guide, 3.4.5.10, Qualification for HEAS

Sale of real estate, suspension, terminations and withdrawals

Social Security Guide, 3.4.5.80, Continuation & Termination of HEAS

Repayment of loan

Social Security Guide, 3.4.5.90, Repayment of a HEAS loan

Maximum loan calculation

Social Security Guide, 3.4.5.30, Calculating the Maximum HEAS Loan

Rate of interest

Social Security Guide, 3.4.5.40, Rate of HEAS

Legislation

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

Pension loans scheme definitions

Social Security Act 1991, section 1133AA, Pension loans scheme definitions

Maximum loan calculation

Social Security Act 1991

• section 1135A, Effect of participation in pensions loan scheme - maximum loan available
• section 1134(1), see point (e) - Pension loan limitation
• section 1135A(3), Age Component Amount Table

Debt recovery

Social Security Act 1991, section 1139, Debt not to be recovered until after death