Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1071:p4
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1071 (pt 4/4)
Character Range: 2045536–2047066

all of the person's partner's long‑term financial assets (see point 1071‑13) at the test time.
           Step 3. Work out under section 1077 the amount of ordinary income the couple would be taken to receive per year on the financial assets:

                (a) on the assumption that section 1077 applied to the person and the person's partner; and
                (b) on the assumption that the only financial assets of the person and the person's partner were the financial assets referred to in steps 1 and 2; and
                (c) on the assumption that the total value of the couple's financial assets were the sum of the amounts at steps 1 and 2.

           Step 4. Divide the amount at step 3 by 2: the result is the person's deemed income amount.

Seniors health card income limit
 1071‑12 A person's seniors health card income limit is worked out using the Seniors Health Card Income Limit Table. Work out which family situation in the table applies to the person. The person's seniors health card income limit is the corresponding amount in column 3 plus an additional corresponding amount in column 4 for each dependent child of the person.

Seniors Health Card Income Limit Table
Column 1                                Column 2                            Column 3         Column 4
Item                                    Person's family situation           Amount per year  Additional dependent child
                                                                                             Amount per year