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SOCIAL SECURITY ACT 1991 - SECT 1070T

Rent threshold amount

  (1)   If the rate of a person's social security payment is to be calculated in accordance with the Pension PP (Single) Rate Calculator, the person's rent threshold amount is $140.40.

  (2)   In any other case, a person's rent threshold amount is worked out in accordance with subsection   (3).

  (3)   First, identify which of sections   1070L, 1070N, 1070P, 1070Q and 1070R applies to work out the rate of rent assistance for the person's social security payment. Next, identify which family situation in the table in that section applies to the person. The person's rent threshold amount is the amount in the formula in column 3 of the table, in relation to the family situation, that is deducted from fortnightly rent.

Example:   If a person who is not a member of a couple receives an age pension, the person's rent threshold amount is worked out as follows. First, identify section   1070L as the section applicable to an age pension. Then identify the family situation in item   1 of the table in that section as applicable to the person. Finally, the person's rent threshold amount is $140.40, being the amount that, in the formula in column 3 of that table, is deducted from the person's fortnightly rent. Indexation of the $140.40 has been ignored for the purposes of this example.


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