Document ID: chunk:federal_register_of_legislation:C2024C00866:section:4
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 4
Character Range: 1571531–1573009

4                                       Member of respite care couple       $90,000          $639.60

Note 1: For member of couple and partnered, see section 5E.
Note 2: For illness separated couple and respite care couple, see section 5R.
Note 3: For dependent child, see section 5F.
Note 4: The amounts in column 3 are to be indexed annually on 20 September in line with CPI increases (see section 198FAA).

Long‑term financial asset
 118ZZA‑12 For the purposes of this Division, a long‑term financial asset is:
 (a) a financial investment within the meaning of paragraph (i) of the definition of financial investment in subsection 5J(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 5J(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 VIII—General provisions applicable to pensions etc.