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Verifying income and assets 108-04020030



Policy

Social Security Guide, 4.2.3, Pensions & benefits assets tests

Social Security Guide, 4.6, Assets

Social Security Guide, 4.6.6, Determining the value of an asset

Social Security Guide, 4.6.2, Assets that are exempt from assessment

Social Security Guide, 4.6.7, Asset hardship rules

Social Security Guide, 3.2.2.40, Situations involving industrial action

Social Security Guide, 4.7.1.40, Assessment of Assets for Sole Traders

Social Security Guide, 4.7.1.10, General Provisions for Sole Traders & Partnerships

Social Security Guide, 4.7.1.50, Assessment of Assets for Partnerships

Social Security Guide, 4.6.5.30, Assessing Property, Real Estate & Unit Trusts

Social Security Guide, 4.6.6.10, General provisions for valuation of assets

Social Security Guide, 3.1.2.20, Liquid assets test waiting period

ABSTUDY

Links to the ABSTUDY Policy Manual go to pdf and docx documents. Select the document and go to the reference(s) below.

ABSTUDY Policy Manual

  • 65.2, The Personal Assets Test
  • 63, Assets
  • 63.6, Assets hardship provisions

Legislation

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

Social Security Act 1991

  • section 1118, Certain assets to be disregarded in calculating the value of a person's assets
  • section 1121A, Effect of certain liabilities on the value of assets used in primary production
  • section 1123, Disposal of assets
  • section 1152, Members of illness separated couples (both in special residences)
  • section 11, Assets test definitions
  • section 1131, Access to financial hardship rules - benefits
  • section 1132, Application of financial hardship rules - benefits

JobSeeker Payment

Social Security Act 1991, section 611, Assets test - allowance not payable if assets value limit exceeded