Life interest in an asset or income 043-04110010

Policy

Social Security Guide, 1.1.l.185, Interest in an asset (life, remainder, reversionary, contingent)

Social Security Guide, 4.6.2.10, General Provisions for Exempt Assets

Social Security Guide, 4.12.3.35, Life Interests & Remainder Interests

Social Security Guide, 4.6.4.60 Granny Flats - Reasonable Value Conversion Factors

Social Security Guide, 4.6.3.70 Exempting the Principal Home - Care Situations

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 1185C, How to assess the value of farms etc. subject to a transfer
• section 12A(2), granny flat definitions
• section 1209D, Anti-avoidance
• part 3.18, division 1, Introduction