Assessing an Income and Assets Update (SA220) form 110-02010030

Policy

Income and Assets Reviews

Social Security Guide, 6.1.1.20, Causes & Types of Income and Assets Reviews

Social Security Guide, 6.1.1.10, General Provisions for Income & Assets Reviews

Assets

Social Security Guide, 4.6.3.20, Determining Homeowners & Non-Homeowners

Income

Social Security Guide, 4.3.9.10, Income from Maintenance, Property Settlements & Life Interest

Social Security Guide, 4.4.2, Deeming of Financial Investments

Social Security Guide, 4.3.9.20, Income from Life Insurance Products

Social Security Guide, 4.3.9.40, Income from Scholarships

Social Security Guide, 4.3.9.70, Income from Private Annuities & Overseas Income Streams

Businesses

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

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

Social Security Guide, 6.2.5.05, DSP - Service Update Reviews (from 20/09/03)

Social Security Guide, 6.2.5.12, DSP - Income & Assets Service Update Mail Reviews (from 20/09/2003)

Social Security Guide, 6.2.4.10, PP Reviews

Social Security Guide, 6.2.4.20, DOP Reviews - General Provisions

Social Security Guide, 8.1.3.10, Provision of Information

Determining unable/unreasonable to sell or borrow

Social Security Guide, 4.6.7.50, Unrealisable Assets - Unable or Unreasonable to Sell or Borrow Against

Determining severe financial hardship

Social Security Guide, 4.6.7.60, Determining Severe Financial Hardship - Readily Available Funds

Social Security Guide, 4.6.7.70, Determining Severe Financial Hardship - Drawings From an Unincorporated Business

Legislation

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

Social Security Act 1991

• Part 3.10, General provisions relating to the ordinary income test
• Part 3.12, General provisions relating to the assets test
• Part 3.18, Means test treatment of private companies and private trusts
• Part 2.2, Age pension

Social Security (Administration) Act 1999

• section 68, Person receiving social security payment or holding concession card
• section 192, General power to obtain information
• section 67, Person who has made a claim
• Part 3, Division 6, Subdivision B, Requirement to give information about change of circumstances, sections 67 to 74
• section 63, Requirement to attend agency etc.
• section 72, Provisions relating to notice
• section 68, Person receiving social security payment or holding concession card