Assessment of income from Home Equity 108-04100010

Policy

Social Security Guide 1.1.H.70 Home equity conversion agreement

Social Security Guide 4.3.8.10 Home equity conversion agreement

Legislation

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Income Test

Social Security Act 1991, section 8, Income test definitions

• section 8, Income test definitions
• subsection 4, Excluded amounts - home equity conversion (not member of a couple)
• subsection 5, Excluded amounts - home equity conversion (member of a couple)
• subsection 6, Home equity conversion (amount owed)
• subsection 7, Home equity conversion (principal home)

Financial assets and income streams

Social Security Act 1991, section 9, Financial assets and income streams definitions

Homeowner and principal home

Social Security Act 1991

• section 11, Assets test definitions
• subsection 4, Homeowner