Contents
Chapter 3—General provisions relating to payability and rates 4
Part 3.6—Benefit Rate Calculator B 4
1068...................... Rate of jobseeker payment.................................................. 4
Benefit Rate Calculator B 4
Module A—Overall rate calculation process 4
Module B—Maximum basic rate 4
Module BA—Pension supplement 4
Module C—Energy supplement 4
Module D—Pharmaceutical allowance 4
Module G—Income test 4
Module J—Remote area allowance 4
Part 3.6A—Parenting Payment Rate Calculator 4
1068A................... Rate of parenting payment—pension PP (single)............... 4
Pension PP (Single) Rate Calculator 4
Module A—Overall rate calculation process 4
Module B—Maximum basic rate 4
Module BA—Pension supplement 4
Module BB—Energy supplement 4
Module C—Pharmaceutical allowance 4
Module E—Ordinary income test 4
Module F—Remote area allowance 4
1068B.................... Rate of parenting payment—PP (partnered)....................... 4
Benefit PP (Partnered) Rate Calculator 4
Module A—Overall rate calculation process 4
Module C—Maximum basic rate 4
Module D—Income test 4
Module DA—Pension supplement 4
Module DB—Energy supplement 4
Module E—Pharmaceutical allowance 4
Module G—Remote area allowance 4
Part 3.7—Rent assistance 4
Division 1—Operation of this Part 4
1070...................... When this Part applies........................................................ 4
1070A................... Effect of this Part................................................................ 4
Division 2—Qualification for rent assistance 4
1070B.................... Qualification—general rule................................................. 4
1070C.................... Common requirements (about aged care residence, home ownership and rent) 4
1070D................... Specific requirement (carer payments and certain age and disability support pensions) 4
1070E.................... Specific requirement (certain parenting payments).............. 4
1070F.................... Specific requirement (certain disability support pensions).. 4
1070G................... Specific requirement (youth allowance).............................. 4
1070H................... Specific requirement (austudy payment and jobseeker payment) 4
1070J..................... Specific requirement (certain parenting payments).............. 4
Division 3—Rate of rent assistance 4
1070K.................... Rate depends on social security payment and family situation 4
1070L.................... Rate for carer payments and certain age and disability support pensions 4
1070M................... Rate for certain parenting payments.................................... 4
1070N................... Rate for disability support pension (person aged under 18) 4
1070P.................... Rate for disability support pension (person aged between 18 and 21) 4
1070Q................... Rate for youth allowance, austudy payment and jobseeker payment 4
1070R.................... Rate for certain parenting payments.................................... 4
Division 4—Certain concepts used in this Part 4
1070S.................... Division has effect for purposes of Part............................. 4
1070T.................... Rent threshold amount........................................................ 4
1070U................... Fortnightly rent................................................................... 4
1070V................... Rent paid by a member of certain couples........................... 4
1070W................... Partner with a rent increased pension.................................. 4
1070X................... Partner with a rent increased benefit................................... 4
Part 3.9—Seniors Health Card Income Test Calculator 4
1071...................... Seniors Health Card Income Test Calculator...................... 4
Seniors Health Card Income Test Calculator 4
Part 3.9A—Health Care Card Income Test Calculator 4
1071A................... Health care card income test................................................ 4
Health Care Card Income Test Calculator 4
Part 3.10—General provisions relating to the ordinary income test 4
Division 1—Ordinary income concept and treatment of certain income amounts 4
1072...................... General meaning of ordinary income.................................. 4
1072A................... Treatment of certain lump sum payments............................ 4
1073...................... Certain amounts taken to be received over 12 months........ 4
Division 1AAA—Work bonus 4
1073AA................ Work bonus........................................................................ 4
1073AAA............. Meaning of gainful work.................................................... 4
1073AB................. Unused concession balance................................................ 4
1073AC................. Temporary increase to unused concession balances............ 4
Division 1AA—Employment income attribution rules 4
1073A................... Attribution of employment income paid in respect of a particular period or periods 4
1073B.................... Attribution of employment income paid monthly................ 4
1073BA................. Attribution of employment income paid not in respect of a particular period 4
1073BB................. Anti‑avoidance.................................................................... 4
1073BC................. Exclusion of certain payments............................................ 4
1073BD................. Daily attribution of employment income for amounts not elsewhere covered in this Division 4
1073C.................... Fortnightly or yearly expression of attributed employment income 4
Division 1AB—Working credit accrual and depletion rules and their consequences 4
1073D................... To whom do working credit accrual and depletion rules apply? 4
1073E.................... Opening balance................................................................. 4
1073F.................... Working out accruals and depletions of working credit for social security beneficiaries 4
1073G................... Working out the effect of a working credit depletion on the fortnightly rate of ordinary income for a social security beneficiary............................................................. 4
1073H................... Working out accruals and depletions of working credit for social security pensioners 4
1073I..................... Working out the effect of a working credit depletion on the yearly rate of ordinary income for a social security pensioner............................................................................ 4
1073J..................... Working credit balance prevents loss of qualification in certain cases 4
Division 1A—Business income 4
1074...................... Ordinary income from a business—treatment of trading stock 4
1075...................... Permissible reductions of business income......................... 4
Division 1B—Income from financial assets (including income streams (short term) and certain income streams (long term)) 4
1076...................... Deemed income from financial assets—persons other than members of couples 4
1077...................... Deemed income from financial assets—members of pensioner couples 4
1078...................... Deemed income from financial assets—members of non‑pensioner couples 4
1081...................... Deeming threshold.............................................................. 4
1082...................... Below threshold rate, above threshold rate......................... 4
1083...................... Actual return on financial assets not treated as ordinary income 4
1084...................... Certain money and financial investments not taken into account 4
1084A................... Valuation and revaluation of certain financial investments.. 4
Division 1C—Income from income streams not covered by Division 1B 4
Subdivision B—Income streams that are not family law affected income streams 4
1097A................... Scope of Subdivision.......................................................... 4
1098...................... Income from asset‑test exempt income stream.................... 4
1099...................... Income—income stream not a defined benefit income stream 4
1099A................... Income—income stream is a defined benefit income stream 4
1099AA................ Income from market‑linked asset‑test exempt income stream.. 4
1099B.................... Income from asset‑tested income stream (long term).......... 4
1099C.................... Income—asset‑tested income stream (long term) that is not a defined benefit income stream 4
1099D................... Income—asset‑tested income stream (long term) that is a defined benefit income stream 4
1099DAA............. Income from certain low‑payment asset‑tested income streams 4
1099DAB.............. Income—asset‑tested income stream (lifetime)................... 4
Subdivision C—Family law affected income streams 4
1099DA................ Scope of Subdivision.......................................................... 4
1099DB................. Income from asset‑test exempt income streams.................. 4
1099DC................. Income from asset‑tested income stream (long term).......... 4
1099DCA.............. Income from asset‑tested income stream (lifetime)............. 4
1099DD................ Decision‑making principles................................................ 4
Division 1D—Aged care accommodation bonds: certain transactions before 6 November 1997 4
1099E.................... Scope of Division............................................................... 4
1099F.................... Exempt bond amount does not count as income................. 4
1099G................... Person’s ordinary income reduced using financial asset rules 4
1099H................... Meaning of exempt bond amount....................................... 4
Division 1E—Refunds to charge exempt residents 4
1099J..................... Scope of Division............................................................... 4
1099K.................... Refunded amount does not count as income....................... 4
1099L.................... Person’s ordinary income reduced using financial asset rules 4
1099M................... Application of Division...................................................... 4
Division 2—Conversion of foreign currency amounts 4
1100...................... How value of a payment received in a foreign currency is to be determined 4
1100A................... Determining value of a payment originally denominated in a foreign currency but made in Australian currency............................................................................................ 4
Division 3—Disposal of ordinary income 4
1106...................... Disposal of ordinary income............................................... 4
1107...................... Amount of disposition........................................................ 4
1108...................... Disposal of ordinary income—individuals......................... 4
1109...................... Disposal of ordinary income—members of couples........... 4
1111...................... Dispositions more than 5 years old to be disregarded......... 4
Part 3.12—General provisions relating to the assets test 4
Division 1—Value of person’s assets 4
1118...................... Certain assets to be disregarded in calculating the value of a person’s assets 4
1118A................... Value of superannuation investments determined by Minister to be disregarded 4
1118AA................ Value of assets reduced by amounts received from Mark Fitzpatrick Trust 4
1118AB................. Value of person’s assets reduced: certain transactions to do with aged care accommodation bonds 4
1118AC................. Value of person’s assets reduced: refunds to charge exempt residents 4
1119...................... Value of asset‑teste