Statute
Section 573B — Social Security Act 1991: Assets value limit
Text of the provision Official document
A person’s assets value limit is: (a) $250,000 if the person: (i) is not a member of a couple (see section 4); and (ii) is a homeowner; or (b) $450,000 if the person: (i) is not a member of a couple; and (ii) is not a homeowner; or (c) $375,000 if the person: (i) is a member of a couple; and (ii) is a homeowner; or (d) $575,000 if the person: (i) is a member of a couple; and (ii) is not a homeowner. Note 1: For homeowner see subsection 11(4). Note 2: The amounts in this section are indexed annually on 1 July (see sections 1191 to 1194).
Official source: Federal Register of Legislation
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from Australian courts and tribunals with a plain-English summary and legal holding.
Explore case law →