Commonwealth Consolidated Acts

SOCIAL SECURITY ACT 1991 - SECT 612

  (1)   If:

  (a)   a person is a member of a couple; and

  (b)   the person's partner:

  (i)   is not in receipt of a social security or service pension, income support supplement or a veteran payment; and

  (ii)   is not in receipt of a social security benefit;

the value of the person's assets, or of assets of a particular kind of the person, includes the value of the partner's assets or of assets of that kind of the partner.

Note:   For social security pension see subsection   23(1).

  (2)   If:

  (a)   a person is a member of a couple; and

  (b)   the person's partner is in receipt of:

  (i)   a social security or service pension, income support supplement or a veteran payment; or

  (ii)   a social security benefit;

the value of:

  (c)   the person's assets is taken to be 50% of the sum of the value of the assets of the person and the value of the assets of the person's partner; and

  (d)   the person's assets of a particular kind are taken to be 50% of the sum of the value of the assets of that kind of the person and the value of the assets of that kind of the person's partner.