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Home Equity Access Scheme (HEAS) 065-08000000

Before starting this process, staff must read the Operational Message.

Policy

Social Security Guide, 3.4.5.10, Qualification for HEAS

Social Security Guide, 3.4.5.20, Security for HEAS

Social Security Guide, 3.4.5.30, Calculating the Maximum HEAS Loan

Social Security Guide, 3.4.5.40, Rate of HEAS

Social Security Guide, 3.4.5.50, Payability of HEAS

Social Security Guide, 4.3.5.70, About DVA Defence Force Income Support Allowance (DFISA)

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 1133, Qualification for participation in pension loans scheme
section 1136, Need for a request to participate
section 1135A, maximum loan available (for the formula and the age component amount used to calculate the maximum loan available)
section 1135, creation of debt
section 1138, Existence of debt results in charge over assets
section 1143, Registration of charge
section 8(8), Excluded Income

subsection 23(1), Definition of DFISA

section 1134(1), see point (e) - Pension loan limitation
section 1137AA, Advance payments
section 1144AA, No Negative Equity Guarantee

Veterans' Entitlements Act 1986, Schedule 2, Defence Force Income Support Allowance

Ministerial Determinations

Social Security (Pension Loans Scheme – Age Component Amount) Determination 2019 (F2019L00420)
Social Security (Pension Loans Scheme – Rate of Compound Interest) Determination 2019 (F2019L01613)
Social Security (Pension Loans Scheme – Rate of Simple Interest) Determination 2018 (F2018L01644)