Transfer of the Home Equity Access Scheme (HEAS) debt based on Court Order 065-19062519
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Qualification (including hardship and overseas claims)
Social Security Guide, 3.4.5.10, Qualification for HEAS
Social Security Guide, 4.6.7, Asset Hardship Rules
Sale of real estate, suspension, terminations and withdrawals
Social Security Guide, 3.4.5.80, Continuation & Termination of HEAS
Bereavement provisions
Social Security Guide, 3.1.5, Bereavement Payment Provisions
Repayment of loan
Social Security Guide, 3.4.5.90, Repayment of a HEAS loan
Maximum loan calculation
Social Security Guide, 3.4.5.30, Calculating the Maximum HEAS Loan
Portability
Social Security Guide, 3.4.5.50, Payability of HEAS
Social Security Guide, 7.1, Conditions for Payment Outside Australia
Rate of interest
Social Security Guide, 3.4.5.40, Rate of HEAS
Legislation
Links to the Federal Register of Legislation site go to a 'Series' page. Select the 'Latest' version.
Pension loans scheme definitions
Social Security Act 1991, section 1133AA, Pension loans scheme definitions
Maximum loan calculation
- section 1135A, Effect of participation in pensions loan scheme - maximum loan available
- section 1134(1), see point (e) - Pension loan limitation
- section 1135A(3), Age Component Amount Table
Debt recovery
Social Security Act 1991, section 1139, Debt not to be recovered until after death
Withdrawals
Social Security Act 1991, section 1142, Person withdraws from pension loans scheme
Hardship
Social Security Act 1991, section 1129(1), Access to financial hardship rules - pensions
Portability