s 547C

Assets value limit

In force

A person’s assets value limit is:

(b)

$250,000 if the person:

(ii)

is not a member of a couple (see section 4); and

(iii)

is a homeowner; or

(c)

$450,000 if the person:

(ii)

is not a member of a couple; and

(iii)

is not a homeowner; or

(d)

$375,000 if the person:

(ii)

is a member of a couple; and

(iii)

is a homeowner; or

(e)

$575,000 if the person:

(ii)

is a member of a couple; and

(iii)

is not a homeowner.

Note 1:

For homeowner see subsection 11(4).

Note 2:

The amounts in paragraphs (b), (c), (d) and (e) are indexed annually on 1 July (see sections 1191 to 1194).

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