Document ID: chunk:federal_register_of_legislation:C2015C00322:clause:7_1
Version: federal_register_of_legislation:C2015C00322
Segment Type: clause
Provision Reference: sch 7 cl 1
Character Range: 83921–84464

1  Point 1071‑1 (method statement, after step 1)
Insert:

           Step 1A. If, at the test time, the person, or the person's partner (if any), has at least one long‑term financial asset (see point 1071‑13), work out the person's deemed income amount under:

                (a) if, at the test time, the person is not a member of a couple—point 1071‑11A; or
                (b) if, at the test time, the person is a member of a couple—point 1071‑11B.

           Step 1B. Work out the sum of the amounts at step 1 and step 1A (if any).