Assets and liabilities of a business 043-03090000

This page contains policy and legislation.

Policy

Guide to Social Security Law, 4.6.5, Assessing Personal Assets & Financial Investments

Guide to Social Security Law, 4.6.2, Assets that are Exempt From Assessment

Guide to Social Security Law, 4.7, Business Structures, Primary Production & pre-01/01/2002 Assessment of Trusts & Private Companies

Guide to Social Security Law, 4.7.1, Assessing the Income & Assets of Sole Traders & Partnerships

Guide to Social Security Law, 4.12, Means Test Treatment of Private Trusts & Private Companies from 01/01/2002

Guide to Social Security Law, 4.12.4, Assessing the Assets of Controlled Private Trusts & Controlled Private Companies

Guide to Social Security Law, 4.12.5, Liabilities of a Controlled Private Trust & Controlled Private Company

Legislation

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

Social Security Act 1991

• section 11, Assets test definitions
• section 9, Financial assets and income streams definitions
• part 3.12, division 1, Value of person's assets
• section 1118, Certain assets to be disregarded in calculating the value of a person's assets
• section 1121, Effect of charge or encumbrance on value of assets
• section 1121A, Effect of certain liabilities on value of assets used in primary production
• section 1122, Loans
• section 1208E, Attribution of assets
• section 1208F, When attributed asset is unrealisable
• section 1208G, Effect of charge or encumbrance on value of assets
• section 1208H, Effect of unsecured loan on value of assets
• section 1208J, Value of company's or trust's assets etc