Document ID: chunk:federal_register_of_legislation:C2025C00162:section:198n:p5
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 198N (pt 5/5)
Character Range: 625127–626957

care child, a combined care child or a multiple care child lives with a parent, the assets listed in subsection 198D(1A) and paragraphs 198D(1C)(b) and (1DA)(c) are taken to be assets of the child.
Note 3: For subparagraph (5)(aa)(ii), see also subsection 197F(5).

Working out the threshold amount
 (6) For the purposes of paragraphs (2)(c), (3)(b) and (4)(c), the threshold amount is the amount worked out using the following formula:
where:
MBR is the maximum basic rate of age pension payable, as at the last 1 January, to a person who has a partner.
FPC is:
 (a) in the case of a care receiver who is a higher ADAT score adult—the number of FTB children of the care receiver or the care receiver's partner (if the care receiver has a partner); or
 (b) in the case of a care receiver who is a sole care child who lives with his or her parent—the number of FTB children of the parent or the parent's partner (if the parent has a partner); or
 (c) in the case of a care receiver who is a sole care child who does not live with his or her parent—0; or
 (d) in the case of care receivers who are 2 or more combined care children:
 (i) if any of the children lives with his or her parent—the sum of the number of FTB children of each such parent or of the partner (if the parent has a partner) of each such parent; or
 (ii) in any other case—0; or
 (e) in the case of care receivers who are a lower ADAT score adult and one or more multiple care children, or a lower ADAT score adult and a dependent child—the number of FTB children of the care receiver or the care receiver's partner (if the care receiver has a partner).
Note 1: For the maximum basic rate of age pension see point 1064‑B1 of Pension Rate Calculator A in section 1064.
Note 2: For paragraphs (b), (d) and (e) of the definition of FPC, see also subsection 197F(5).