Change of circumstances – Home Equity Access Scheme (HEAS) 065-21112627

Policy

Social Security Guide, 3.4.5.10, Qualification for HEAS

Social Security Guide, 3.4.5.20, Security for HEAS

Social Security Guide, 3.4.5.30, Calculating the Maximum HEAS Loan

Social Security Guide, 3.4.5.40, Rate of HEAS

Social Security Guide, 3.4.5.50, Payability of HEAS

Social Security Guide, 4.3.5.70, About DVA Defence Force Income Support Allowance (DFISA)

Legislation

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

Social Security Act 1991

• Part 3.12, Division 1, Value of person's assets
• section 1133, Qualification for participation in pension loans scheme
• section 1136, Need for a request to participate
• section 1135A, maximum loan available (for the formula and the age component amount used to calculate the maximum loan available)
• section 1135, creation of debt
• section 1138, Existence of debt results in charge over assets
• section 1143, Registration of charge
• section 8(8), Excluded Income
• subsection 23(1), Definition of DFISA
• section 1134(1), see point (e) - Pension loan limitation
• section 1137AA, Advance payments
• section 1144AA, No Negative Equity Guarantee

Veterans' Entitlements Act 1986, Schedule 2, Defence Force Income Support Allowance

Ministerial Determinations

• Social Security (Pension Loans Scheme – Age Component Amount) Determination 2019 (F2019L00420)
• Social Security (Pension Loans Scheme – Rate of Compound Interest) Determination 2019 (F2019L01613)
• Social Security (Pension Loans Scheme – Rate of Simple Interest) Determination 2018 (F2018L01644)