Document ID: chunk:federal_register_of_legislation:C2025C00162:section:5
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 5
Character Range: 2047471–2048836

5                                       Partnered (partner in gaol)         $90,000          $639.60

Note: The amounts in column 3 are indexed annually on 20 September in line with CPI increases (see sections 1190 to 1194). However, indexation of these amounts is modified for 2023 (see subsection 1192(5BB)).

Long‑term financial asset
 1071‑13 For the purposes of this Part, a long‑term financial asset is:
 (a) a financial investment within the meaning of paragraph (i) of the definition of financial investment in subsection 9(1), where the asset‑tested income stream (long term) arises under a complying superannuation plan (within the meaning of the Income Tax Assessment Act 1997) that is not a constitutionally protected fund (within the meaning of that Act); or
 (b) a financial investment within the meaning of paragraph (j) of the definition of financial investment in subsection 9(1).
Note: Schedule 7 to the Social Services and Other Legislation Amendment (2014 Budget Measures No. 6) Act 2014 preserves the rules in this Calculator for a certain kind of long‑term financial asset that was being provided to a person immediately before 1 January 2015 where the person held a seniors health card immediately before that day provided that, since that day, the person has held a seniors health card.

Part 3.9A—Health Care Card Income Test Calculator