Section 547C — Social Security Act 1991: Assets value limit

A person’s assets value limit is: (b) $250,000 if the person: (ii) is not a member of a couple (see section 4); and (iii) is a homeowner; or (c) $450,000 if the person: (ii) is not a member of a couple; and (iii) is not a homeowner; or (d) $375,000 if the person: (ii) is a member of a couple; and (iii) is a homeowner; or (e) $575,000 if the person: (ii) is a member of a couple; and (iii) is not a homeowner. Note 1: For homeowner see subsection 11(4). Note 2: The amounts in paragraphs (b), (c), (d) and (e) are indexed annually on 1 July (see sections 1191 to 1194).