Commonwealth Consolidated ActsThe following Table sets out:
(a) each amount that is to be indexed or adjusted under this Division; and
(b) the abbreviation used in this Division for referring to that amount; and
(c) the provision or provisions in which that amount is to be found.
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Indexed and Adjusted Amounts Table |
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Column 1 Item |
Column 2 Description of amount |
Column 3 Abbreviation |
Column 4 Provisions in which amount specified |
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Maximum basic rates |
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1. |
Maximum basic rates for service pension or income support supplement |
pension MBR |
* Rate Calculator--point SCH6‑B1--Table B--column 3-- all amounts |
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2 |
PS rate |
subsection 5GA(1) |
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2A |
PS minimum rate |
subsection 5GA(2) |
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2B |
PS basic rate |
subsection 5GA(4) |
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Ceiling Rate |
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3. |
ceiling rate |
* Rate Calculator--point SCH6‑A4 |
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Rent assistance |
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6. |
Maximum rent assistance for service pension or income support supplement |
pension MRA |
* Rate Calculator--point SCH6‑C8--Table C‑2--column 4 --all amounts |
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6A. |
rent threshold rate for service pension or income support supplement |
* Rate Calculator--point SCH6‑C6--Table C‑1--column 3-- all amounts |
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Income free area |
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7. |
Ordinary/adjusted income free area |
Pension free area |
* Rate Calculator--point SCH6‑E6--Table E‑1--column 3-- all amounts |
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7AA. |
Rent assistance free area |
rent free area |
* Rate Calculator--point SCH6‑C15--Table C‑3--column 3-- all amounts |
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9. |
Assets value limit for service pension or income support supplement for property owner who is not a member of a couple |
pension single property owner AVL |
* Rate Calculator--point SCH6‑F3--Table F‑1--column 3A-- item 1 |
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10. |
Assets value limit for service pension or income support supplement for non‑property owner who is not a member of a couple |
pension single non‑property owner AVL |
* Rate Calculator--point SCH6‑F3--Table F‑1--column 3B-- item 1 |
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11. |
Assets value limit for service pension or income support supplement for property owner who is a member of a couple |
* Rate Calculator--point SCH6‑F3--Table F‑1--column 3A-- item 2 |
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12. |
Assets value limit for service pension or income support supplement for non‑property owner who is a member of a couple |
* Rate Calculator--point SCH6‑F3--Table F‑1--column 3B-- item 2 |
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13. |
Assets value limit for some illness separated special residents |
special illness separated special resident AVL |
* paragraph 52S(5)(g), paragraph 52T(3)(e), paragraph 52U(2)(e) |
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13A. |
Assets value limit of special disability trust |
subsection 52ZZZWK(3) |
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13B. |
Exempt funeral investment threshold |
exempt funeral investment threshold |
paragraph 5PC(1)(b) |
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Income/assets reduction limit |
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14. |
Income/assets reduction limit applicable when determining the eligibility for treatment benefits for a veteran--basic reduction |
IARL basic reduction |
section 53E--Table 53E--column 3 |
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15. |
Income/assets reduction limit applicable when determining the eligibility for treatment benefits for a veteran--add‑on for dependent child |
IARL dependent child add‑on |
section 53E--Table 53E--column 5 |
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Deeming thresholds |
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20. |
Deeming threshold for a person who is not a member of a couple |
Deeming threshold individual |
Subsection 46H(1) |
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21. |
Deeming threshold for a couple |
Deeming threshold couple |
Subsection 46H(2) |
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Attribution threshold |
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22. |
Primary production attribution threshold |
Primary production attribution threshold |
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Maximum transitional service pension rates |
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23. |
Maximum transitional service pension rates |
Maximum transitional service pension rates |
Subparagraph 30(4)(a)(i) of Schedule 5 |
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24. |
Subparagraph 30(6)(a)(i) of Schedule 5 |
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Note: Indexing the PS minimum rate will also result in the indexation of the rate of quarterly pension supplement (see section 60B) and the rate of seniors supplement (see section 118PB).
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