Document ID: chunk:federal_register_of_legislation:C2004A00406:clause:1_24
Version: federal_register_of_legislation:C2004A00406
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 22386–23795

24  After subsection 198D(1B)
Insert:

Disabled children passing the assets test

 (1C) Care receivers who are 2 or more disabled children pass the assets test if the total value of the following assets is less than $410,000:
 (a) the assets of all of the disabled children;
 (b) if any of the disabled children lives with his or her parent:
 (i) the assets of the parent;
 (ii) if the parent is a member of a couple—the assets of the parent's partner;
 (iii) if the parent or the partner has one or more FA children—the assets of those FA children.
However, assets of the same person are not to be taken into account more than once.

 (1D) For the purposes of this Division (other than subsection (1C)), if any of the disabled children lives with his or her parent, the disabled child's assets are taken to include the assets listed in paragraph (1C)(b) in relation to the child. However, assets of the same person are not to be included in the assets of more than one child.

Lower ADAT score adult and dependent child passing the assets test

 (1E) Care receivers who are a lower ADAT score adult and a dependent child pass the assets test if the total value of the assets of the following people is less than $410,000:
 (a) the adult;
 (b) the dependent child;
 (c) if the adult is a member of a couple—the adult's partner;
 (d) if the adult or the partner has one or more FA children—the FA children.