Section 68 — Social Security Act 2018: Accommodation supplement: special rules for joint tenants who are in relationship

68 Accommodation supplement: special rules for joint tenants who are in relationship (1) If premises are occupied by 2 or more joint tenants that include 1 or more couples who are in a relationship, then, for the purposes of determining the rate of an accommodation supplement,— (a) each couple is treated as 1 joint tenant; and (b) despite the definition of accommodation costs in section 65 , the accommodation costs of that 1 joint tenant are the total of the accommodation costs of both members of the couple; and (c) the cash assets and income of that 1 joint tenant are the total of the cash assets and income respectively of both members of the couple. (2) In this section, cash assets — (a) means— (i) money saved with a bank or other institution, money invested with a bank or other institution, or money banked with a bank or other institution: (ii) money invested in securities, bonds, or debentures, or advanced on mortgage: (iii) money withdrawn from a KiwiSaver scheme registered under subpart 2 of Part 4 of the Financial Markets Conduct Act 2013: (iv) money invested in shares in a partnership or limited liability company or other incorporated or unincorporated body; but (b) does not include any contributions to, or any member’s interest in, any KiwiSaver scheme that is registered under subpart 2 of Part 4 of the Financial Markets Conduct Act 2013; and (c) does not include any item or kind of cash assets or any amount of cash assets exempted by regulations made under section 423(1)(b) . Compare: 1964 No 136 ss 61E , 61EB