Document ID: chunk:federal_register_of_legislation:C2025C00162:section:14a:p2
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 14A (pt 2/3)
Character Range: 234609–237149

the course; and
 (ix) such other expenses as are approved by the Secretary.
maximum reserve, in relation to a person, means:
 (a) if the person is not a member of a couple and does not have a dependent child—$5,000; or
 (b) in any other case—$10,000.
 (2) For the purposes of Parts 2.11, 2.11A, 2.12 and 2.23A and Division 3A of Part 3 of the Administration Act, a person's liquid assets are to be taken to include:
 (a) the liquid assets of the person's partner; and
 (b) the liquid assets of the person and the person's partner.
 (3) If:
 (a) during the 4 weeks immediately before a person claims youth allowance, austudy payment or jobseeker payment, the person or the person's partner transfers liquid assets to a person of any age who is the natural child, adopted child or relationship child of the person or the partner; and
 (b) either:
 (i) the person transferring receives no consideration or inadequate consideration, in money or money's worth for the transfer; or
 (ii) the Secretary is satisfied that the purpose, or the dominant purpose, of the transfer was to enable the claimant to obtain youth allowance, austudy payment or jobseeker payment;
then the transfer is to be taken, for the purposes of this section, not to have occurred.
 (4) If:
 (a) a person sells the person's principal home; and
 (b) the person is likely, within 12 months, to apply the whole or part of the proceeds of the sale in acquiring another residence that is to be the person's principal home;
so much of the proceeds of the sale as the person is likely to apply in acquiring the other residence is to be disregarded during that period for the purposes of determining the amount of the person's liquid assets.
 (5) If:
 (a) a person has or had a debt not related to the person's principal home or to any other residential property in which the person holds or held, solely or jointly, any right or interest; and
 (b) since becoming unemployed or incapacitated for work or study (as the case requires), the person has, in order to discharge the debt in whole or in part, made a payment that the person was not obliged to make; and
 (c) since becoming unemployed or incapacitated for work or study (as the case requires), the person had not already made such a payment in order to discharge that debt in part;
the amount of the payment referred to in paragraph (b) is to be disregarded for the purposes of determining the amount of the person's liquid assets.
 (5A) If:
 (a) a person has or had a debt not related to the person's principal home or to