Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52s:p2
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52S (pt 2/2)
Character Range: 787215–788293

to the person's partner:
 (d) the person is to be taken to be a property owner;
 (e) both the person, and the person's partner, are taken not to have a right or interest in relation to the partner's principal home;
 (ea) the assets of the person's partner are taken to include an asset whose value is equal to the amount of the partner's entry contribution;
 (eb) subsection 52(1) and section 52H do not apply to the asset that the person's partner is, because of paragraph (ea), taken to have;
 (f) any right or interest of the person's partner in the person's principal home is to be disregarded in calculating the actual value of the partner's assets;
 (g) the assets value limit for the person and the person's partner is to be taken to be $237,500.
Note: The amount in paragraph (g) is adjusted annually (see section 59J).
 (6) Subsection (5) applies:
 (a) whether or not the person's partner actually has any right or interest in the partner's principal home; and
 (b) whatever the value of any right or interest that the partner does have in the partner's principal home.