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This definition applies to social security pensions (section 23(1)-'social security pension'), social security benefits (section 23(1)-'social security benefit') and family assistance payments and is used for assets testing provisions, only in relation to the disposal of assets prior to 1 July 2002.
Please refer to the definition of this term in the SSAct.
Act reference: SSAct section 23(1)-'social security pension', section 23(1)-'social security benefit', section 11(10) Pension year-disposal of assets, section 11(10AAA) No pension year to extend beyond 30 June 2002
Policy reference: SS Guide 4.1 Deprivation of Income & Assets
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Last reviewed: 2 January 2009
