Income included in assessing eligibility Table 1: Assessable income Income included in assessing eligibility Age Pension Fringe Benefits where goods Payments ‘in kind’ (i.e. or services are received in lieu of wages or maintenance payments) Asylum Seekers Allowance Gifts of regular income to assist Rent Assistance with general living expenses Austudy, Abstudy Gross wages, (including overtime, income ‘Salary Sacrificed’ shift allowances, bonuses, site, dirt, height, risk allowances and ‘one off’ payments) Australian Service Pension Incentive Allowance Self employed income income – derived from a business Blind Pension Income generated from funds or Sheltered Workshop Payments assets (includes real estate) Income Support Supplement (paid Sickness Allowance Carer’s Payment by Veterans’ Affairs) Centrelink Working Credits Scheme Income generated from applying Special Benefits on Centrelink’s deemed interest investments and savings (including assets over $10,000 gifted in any one year) where the 100% of income generated from Status Resolution Support Services Children’s Trust Funds household member is a signatory to Income Stream Products, such as payments the fund Annuities, Allocated Annuity Pensions, etc. Community Development Income received by Ministers of Superannuation payments Employment Project (CDEP) only Religion – amounts less or more than the basic rate Compensation payments Lump sum compensation payments Sustentation Retirement Benefit (the component for pain and suffering is assessed by applying the Centrelink deemed interest rate) Clean Energy Supplement Lump sum compensation payments University Grants and Bursaries (the component for loss of wages is assessed as regular income) Dad and Partner Pay Maintenance Payments (includes Pensions Veterans’ Affairs payments ‘in-kind’) Deductions made by Centrelink to Mature Age Allowance War Disability Veterans’ Affairs pensions or benefits due to Pension (Defence force income overpayments are counted back into supplement) the income entitlement and considered as assessable income
Income included in assessing eligibility Table 1: Assessable income Income included in assessing eligibility Age Pension Fringe Benefits Payments ‘in kind’ (i.e. where goods or services are received in lieu of wages or maintenance payments) Asylum Seekers Allowance Gifts of regular income to assist with general living expenses Rent Assistance Austudy, Abstudy Gross wages, (including overtime, shift allowances, bonuses, site, dirt, height, risk allowances and ‘one off’ payments) ‘Salary Sacrificed’ income Australian Service Pension Incentive Allowance Self employed income – income derived from a business Blind Pension Income generated from funds or assets (includes real estate) Sheltered Workshop Payments Carer’s Payment Income Support Supplement (paid by Veterans’ Affairs) Sickness Allowance Centrelink Working Credits Scheme Income generated from applying Centrelink’s deemed interest on investments and savings (including assets over $10,000 gifted in any one year) Special Benefits Children’s Trust Funds where the household member is a signatory to the fund 100% of income generated from Income Stream Products, such as Annuities, Allocated Annuity Pensions, etc. Status Resolution Support Services payments Community Development Employment Project (CDEP) – only amounts less or more than the basic rate Income received by Ministers of Religion Superannuation payments Compensation payments Lump sum compensation payments (the component for pain and suffering is assessed by applying the Centrelink deemed interest rate) Sustentation Retirement Benefit Clean Energy Supplement Lump sum compensation payments (the component for loss of wages is assessed as regular income) University Grants and Bursaries Dad and Partner Pay Maintenance Payments (includes payments ‘in-kind’) Veterans’ Affairs Pensions Deductions made by Centrelink to pensions or benefits due to overpayments are counted back into the income entitlement and considered as assessable income Mature Age Allowance Veterans’ Affairs War Disability Pension (Defence force income supplement)
03_VHR_Eligibility_Criteria_Operational_Guidelines_June18.docx