Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The definition in this section relates to one of the qualifications for crisis payment (see sections 1061JG, 1061JH, 1061JHA and 1061JI).
(2) A person who is not a member of a couple is in severe financial hardship for the purposes of qualifying for a crisis payment if the value of the person's liquid assets (within the meaning of subsection 14A(1)) is less than the fortnightly amount at the maximum payment rate of the social security pension or the social security benefit that is payable to the person.
(3) A person who is a member of a couple is in severe financial hardship for the purposes of qualifying for a crisis payment if the value of the person's liquid assets (within the meaning of subsections 14A(1) and (2)) is less than twice the fortnightly amount at the maximum payment rate of the social security pension or the social security benefit that is payable to the person.
(5) In this section:
"maximum payment rate" , in relation to each of the following social security payments, means (unless otherwise stated below) the rate worked out at Step 4 of the Method statement in Module A of the relevant Rate Calculator:
(a) for the following pensions if the recipient is not blind:
(i) age pension;
(ii) disability support pension (recipient has turned 21, or is under 21 and has one or more dependent children);
(iii) carer pension;
the Rate Calculator at the end of section 1064; or
(b) for age pension and disability support pension (recipient has turned 21, or is under 21 and has one or more dependent children) if the recipient is blind--the Rate Calculator at the end of section 1065; or
(d) for disability support pension if the recipient is under 21, is not blind and does not have any dependent children--Step 5 of the Method statement in Module A of the Rate Calculator at the end of section 1066A; or
(e) for disability support pension if the recipient is under 21, is blind and does not have any dependent children--Step 5 of the Method statement in Module A of the Rate Calculator at the end of section 1066B; or
(f) for jobseeker payment--the Rate Calculator at the end of section 1068; or
(h) for a pension PP (single)--the Rate Calculator at the end of section 1068A; or
(i) for benefit PP (partnered)--point 1068B - A4; or
(k) for special benefit--section 746; or
(l) for youth allowance--the Rate Calculator at the end of section 1067G; or
(m) for austudy payment--Step 3 of the Method statement in Module A of the Rate Calculator at the end of section 1067L.