Document ID: chunk:federal_register_of_legislation:C2025C00162:section:734
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 734
Character Range: 1027713–1028882

734  Value of assets of members of couples
 (1) If:
 (a) the person is a member of a couple; and
 (b) the person's partner:
 (i) is not in receipt of a social security pension, a service pension, income support supplement or a veteran payment; and
 (ii) is not in receipt of a social security benefit;
the value of the person's assets, or of assets of a particular kind of the person, includes the value of the partner's assets or of assets of that kind of the partner.
Note: For social security pension see subsection 23(1).
 (2) If:
 (a) the person is a member of a couple; and
 (b) the person's partner is in receipt of:
 (i) a social security pension, a service pension, income support supplement or a veteran payment; or
 (ii) a social security benefit;
the following provisions have effect:
 (c) the value of the person's assets is taken to be 50% of the sum of the value of the assets of the person and the value of the assets of the person's partner; and
 (d) the value of the person's assets of a particular kind is taken to be 50% of the sum of the value of the assets of that kind of the person and the value of assets of that kind of the person's partner.