Contents
Chapter 3—General provisions relating to payability and rates 1
Part 3.6—Benefit Rate Calculator B 1
1068...................... Rate of jobseeker payment.................................................. 1
Benefit Rate Calculator B 2
Module A—Overall rate calculation process 2
Module B—Maximum basic rate 4
Module BA—Pension supplement 10
Module C—Energy supplement 11
Module D—Pharmaceutical allowance 13
Module G—Income test 17
Module J—Remote area allowance 31
Part 3.6A—Parenting Payment Rate Calculator 35
1068A................... Rate of parenting payment—pension PP (single)............. 35
Pension PP (Single) Rate Calculator 35
Module A—Overall rate calculation process 35
Module B—Maximum basic rate 37
Module BA—Pension supplement 37
Module BB—Energy supplement 38
Module C—Pharmaceutical allowance 39
Module E—Ordinary income test 41
Module F—Remote area allowance 49
1068B.................... Rate of parenting payment—PP (partnered)..................... 50
Benefit PP (Partnered) Rate Calculator 50
Module A—Overall rate calculation process 50
Module C—Maximum basic rate 53
Module D—Income test 54
Module DA—Pension supplement 63
Module DB—Energy supplement 65
Module E—Pharmaceutical allowance 66
Module G—Remote area allowance 70
Part 3.7—Rent assistance 73
Division 1—Operation of this Part 73
1070...................... When this Part applies...................................................... 73
1070A................... Effect of this Part.............................................................. 73
Division 2—Qualification for rent assistance 74
1070B.................... Qualification—general rule............................................... 74
1070C.................... Common requirements (about aged care residence, home ownership and rent) 74
1070D................... Specific requirement (carer payments and certain age and disability support pensions) 74
1070E.................... Specific requirement (certain parenting payments)............ 75
1070F.................... Specific requirement (certain disability support pensions) 76
1070G................... Specific requirement (youth allowance)............................ 79
1070H................... Specific requirement (austudy payment and jobseeker payment) 80
1070J..................... Specific requirement (certain parenting payments)............ 81
Division 3—Rate of rent assistance 83
1070K.................... Rate depends on social security payment and family situation 83
1070L.................... Rate for carer payments and certain age and disability support pensions 83
1070M................... Rate for certain parenting payments.................................. 86
1070N................... Rate for disability support pension (person aged under 18) 87
1070P.................... Rate for disability support pension (person aged between 18 and 21) 91
1070Q................... Rate for youth allowance, austudy payment and jobseeker payment 94
1070R.................... Rate for certain parenting payments.................................. 96
Division 4—Certain concepts used in this Part 98
1070S.................... Division has effect for purposes of Part........................... 98
1070T.................... Rent threshold amount...................................................... 98
1070U................... Fortnightly rent................................................................. 98
1070V................... Rent paid by a member of certain couples......................... 99
1070W................... Partner with a rent increased pension................................ 99
1070X................... Partner with a rent increased benefit................................. 99
Part 3.9—Seniors Health Card Income Test Calculator 102
1071...................... Seniors Health Card Income Test Calculator.................. 102
Seniors Health Card Income Test Calculator 102
Part 3.9A—Health Care Card Income Test Calculator 110
1071A................... Health care card income test............................................ 110
Health Care Card Income Test Calculator 110
Part 3.10—General provisions relating to the ordinary income test 115
Division 1—Ordinary income concept and treatment of certain income amounts 115
1072...................... General meaning of ordinary income.............................. 115
1072A................... Treatment of certain lump sum payments........................ 115
1073...................... Certain amounts taken to be received over 12 months.... 116
Division 1AAA—Work bonus 118
1073AA................ Work bonus.................................................................... 118
1073AAA............. Meaning of gainful work................................................ 123
1073AB................. Unused concession balance............................................ 125
1073AC................. Temporary increase to unused concession balances........ 125
Division 1AA—Employment income attribution rules 127
1073A................... Attribution of employment income paid in respect of a particular period or periods 127
1073B.................... Attribution of employment income paid monthly............ 129
1073BA................. Attribution of employment income paid not in respect of a particular period 130
1073BB................. Anti‑avoidance................................................................ 132
1073BC................. Exclusion of certain payments........................................ 134
1073BD................. Daily attribution of employment income for amounts not elsewhere covered in this Division 135
1073C.................... Fortnightly or yearly expression of attributed employment income 135
Division 1AB—Working credit accrual and depletion rules and their consequences 136
1073D................... To whom do working credit accrual and depletion rules apply? 136
1073E.................... Opening balance............................................................. 136
1073F.................... Working out accruals and depletions of working credit for social security beneficiaries 140
1073G................... Working out the effect of a working credit depletion on the fortnightly rate of ordinary income for a social security beneficiary......................................................... 142
1073H................... Working out accruals and depletions of working credit for social security pensioners 142
1073I..................... Working out the effect of a working credit depletion on the yearly rate of ordinary income for a social security pensioner........................................................................ 144
1073J..................... Working credit balance prevents loss of qualification in certain cases 145
Division 1A—Business income 146
1074...................... Ordinary income from a business—treatment of trading stock 146
1075...................... Permissible reductions of business income..................... 146
Division 1B—Income from financial assets (including income streams (short term) and certain income streams (long term)) 148
1076...................... Deemed income from financial assets—persons other than members of couples 148
1077...................... Deemed income from financial assets—members of pensioner couples 149
1078...................... Deemed income from financial assets—members of non‑pensioner couples 151
1081...................... Deeming threshold.......................................................... 153
1082...................... Below threshold rate, above threshold rate..................... 153
1083...................... Actual return on financial assets not treated as ordinary income 154
1084...................... Certain money and financial investments not taken into account 154
1084A................... Valuation and revaluation of certain financial investments 155
Division 1C—Income from income streams not covered by Division 1B 156
Subdivision B—Income streams that are not family law affected income streams 156
1097A................... Scope of Subdivision...................................................... 156
1098...................... Income from asset‑test exempt income stream................ 156
1099...................... Income—income stream not a defined benefit income stream 157
1099A................... Income—income stream is a defined benefit income stream 158
1099AA................ Income from market‑linked asset‑test exempt income stream.. 158
1099B.................... Income from asset‑tested income stream (long term)...... 160
1099C.................... Income—asset‑tested income stream (long term) that is not a defined benefit income stream 161
1099D................... Income—asset‑tested income stream (long term) that is a defined benefit income stream 162
1099DAA............. Income from certain low‑payment asset‑tested income streams 162
1099DAB.............. Income—asset‑tested income stream (lifetime)............... 164
Subdivision C—Family law affected income streams 164
1099DA................ Scope of Subdivision...................................................... 164
1099DB................. Income from asset‑test exempt income streams.............. 165
1099DC................. Income from asset‑tested income stream (long term)...... 166
1099DCA.............. Income from asset‑tested income stream (lifetime)......... 166
1099DD................ Decision‑making principles............................................ 166
Division 1D—Aged care accommodation bonds: certain transactions before 6 November 1997 167
1099E.................... Scope of Division........................................................... 167
1099F.................... Exempt bond amount does not count as income............. 168
1099G................... Person’s ordinary income reduced using financial asset rules 168
1099H................... Meaning of exempt bond amount................................... 168
Division 1E—Refunds to charge exempt residents 170
1099J..................... Scope of Division........................................................... 170
1099K.................... Refunded amount does not count as income................... 170
1099L.................... Person’s ordinary income reduced using financial asset rules 170
1099M................... Application of Division.................................................. 171
Division 2—Conversion of foreign currency amounts 172
1100...................... How value of a payment received in a foreign currency is to be determined 172
1100A................... Determining value of a payment originally denominated in a foreign currency but made in Australian currency........................................................................................ 173
Division 3—Disposal of ordinary income 175
1106...................... Disposal of ordinary income........................................... 175
1107...................... Amount of disposition.................................................... 176
1108...................... Disposal of ordinary income—individuals..................... 176
1109...................... Disposal of ordinary income—members of couples....... 177
1111...................... Dispositions more than 5 years old to be disregarded..... 178
Part 3.12—General provisions relating to the assets test 180
Division 1—Value of person’s assets 180
1118...................... Certain assets to be disregarded in calculating the value of a person’s assets 180
1118A................... Value of superannuation investments determined by Minister to be disregarded 188
1118AA................ Value of assets reduced by amounts received from Mark Fitzpatrick Trust 189
1118AB................. Value of person’s assets reduced: certain transactions to do with aged care accommodation bonds 190
1118AC................. Value of person’s assets reduced: refunds to charge exempt residents 190
1119...................... Value of asset‑tested income streams that are not defined benefit income streams, asset‑tested income streams (lifetime) or family law affected income streams............. 190
1120...................... Value of asset‑tested income streams that are defined benefit income streams 192
1120AA................ Value of asset‑tested income streams (lifetime) that are managed investments 193