Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SOCIAL SECURITY ACT 1991 - SECT 573B

Assets value limit

                   A person's assets value limit is:

                     (a)  $250,000 if the person:

                              (i)  is not a member of a couple (see section 4); and

                             (ii)  is a homeowner; or

                     (b)  $450,000 if the person:

                              (i)  is not a member of a couple; and

                             (ii)  is not a homeowner; or

                     (c)  $375,000 if the person:

                              (i)  is a member of a couple; and

                             (ii)  is a homeowner; or

                     (d)  $575,000 if the person:

                              (i)  is a member of a couple; and

                             (ii)  is not a homeowner.

Note 1:       For homeowner see subsection 11(4).

Note 2:       The amounts in this section are indexed annually on 1 July (see sections 1191 to 1194).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback