The area used for domestic purposes including the house is test exempt. This area can be a maximum of two hectares.
The usual choices for people in this situation is sub-divide, keep the house block, and sell the rest; sell the whole property and move to somewhere smaller or of lesser value under the asset test; or rent the place and move elsewhere, forget about the pension and possibly live off the rental income. The legislation does not differentiate between someone with a million dollar block of land and someone with a million dollars in term deposits, shares etc. People get emotionally attached to their long term home but to exempt valuable home properties from the asset test would advantage the owners over others. One consolation is that the commonwealth valuers are usually quite conservative with their figures not liking to lose appeals.
URSUSMAJOR
Sounds as so this young man is trying to stooge Centrellnk. But he has made a simple mistake he posted on here his intentions and you never know who reads these this stuff.
Personally I think he will end up getting free tertiary studies and a very accommodating room mate as H.R.H Hotel Long Bay. Commonly know as crowbar college.
End result goes in with sphincter size of five cent piece Comes out with sphincter size of man hole cover .
Good Luck
i applied for student allowance. so it is not me applying for the dole as such. more just help to pay my uni fees.i probably should have said that first before a few people started assuming other
i handed all my things in and i read all the info for a while and the lady at centrelink said she was going to grant it as soon as i handed in my other documents( tax statement, 100 points of ID)
it has nothing to do with me trying to stooge centrelink, as this has nothing to do with work as i am a full time uni student and lots of people get the student allowance
| Search AULRO.com ONLY! |
Search All the Web! |
|---|
|
|
|
Bookmarks