Document ID: chunk:federal_register_of_legislation:C2025C00162:section:2
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 2
Character Range: 696578–698026

2                                                                     Person is not a homeowner  $450,000

Note 1: For homeowner see section 11.
Note 2: The assets value limit in Column 3 of Item 1 is indexed annually in line with CPI increases (see sections 1190 to 1194).
Note 3: The assets value limit in Column 3 of Item 2 is adjusted annually (see subsection 1204(1)).
Note 4: If parenting payment is not payable to a person because of the value of the person's assets, the person may be able to take advantage of provisions dealing with financial hardship (see sections 1130B and 1130C).
 (3) The assets value limit of a person who is a member of a couple is worked out using the following table:

Table—Assets value limits for person who is a member of a couple
Column 1                                                          Column 2                                                           Column 3
Item                                                              Person's situation                                                 Assets value limit
                                                                                                                                     Column 3A                           Column 3B
                                                                                                                                     Either person or partner homeowner  Neither person nor partner homeowner