Assessing and coding the Income and Assets Mod iA 106-07100070

For Service Officers in Service Centres and Smart Centre Processing sites only

This document outlines the procedural details of when an Income and Assets (MOD iA) is issued to a customer and how to assess and code the income and assets the form collects.

This page contains the process of getting information from a customer about their income and assets and coding this on the system.

Income and asset types

Item	Action
1	Employment income Assessment of employment income for Centrelink payments
2	Fringe benefits Assessing fringe benefits for Social Security income test purposes
3	Seasonal, contract or intermittent work Assessing income from seasonal work
4	Ceasing work Cessation of employment income Ceasing or downturn in business
5	Leave and termination payments Leave and termination payments paid by an employer
6	Self-employment Assessing and coding the Business details for sole traders and partnerships MOD F
7	Private trust and private company involvement Assessing and coding the Private Trust details from the MOD PT Assessing and coding the Private Company details from the MOD PC
8	Compensation Coding Compensation and damages (MOD C) to request a clearance
9	Income protection policies Assessment of income for Centrelink payments
10	Foreign income Foreign income and assets
11	Income from boarders and lodgers Income from boarders and lodgers
12	Lump sum payments Treatment of lump sums
13	Bank accounts Coding income and assets for Centrelink payments and services
14	Household contents, motor vehicles, boats and caravans Coding income and assets for Centrelink payments and services
15	Assessing house and curtilage Assessing house and curtilage
16	Real estate assets Assessing and coding the Real estate details Mod R
17	Superannuation Assessing superannuation
18	Income streams Income streams
19	Shares and securities Adding shares and securities Updating shares and securities
20	Managed investments Managed investments - adding a new investment Managed investments - updating existing investments
21	Loans and liabilities against assets Loans and liabilities against assets
22	Bonds and debentures Coding income and assets for Centrelink payments and services
23	Loans Loans
24	Home Equity Conversion loans Assessment of asset value of Home Equity Conversion loans and Reverse Mortgages
25	Gifting and deprivation Assessing deprivation/gifting
26	Funeral investments and pre-paid funerals Exempt Funeral Investments (Funeral Bonds)
27	Other income and assets Coding income and assets for Centrelink payments and services Assessment of income for Centrelink payments

Operational Information

Assessing and coding the Income and Assets Mod iA 106-07100070

Income and asset types