Types of cash assets

Cash assets mean assets that can be easily converted into cash.

These include assets of the client and their partner.

Cash assets include

bills of exchange or promissory notes and
building society shares and
money in bank accounts, including fixed and term deposits with any bank, friendly society, credit union, or building society and
money invested with or lent to any bank, other financial institution, or other person and
mortgage investments and other long-term loans and
shares, stocks, debentures, bonds and
the client's share in any partnership and
the net equity held in any property or land not used as the person's home

Cash assets do not include

any grant made under the Emergency Housing Grants Programme
a motor vehicle or other vehicle required by the client or the clients partner for their personal use
a caravan, boat, or other vehicle that:
- has a net equity of less than $2000 or
- is used by the client, their partner, or dependent child for day to day accommodation
the personal effects of the client and their partner
the net equity of the clients home property and land on which it is situated
Christchurch mosques attack support payments
Crown funds provided directly to clients to purchase Support Services and Direct Disability Support payments
funds locked into KiwiSaver and other retirement scheme accounts
Information share Child Support payments currently being charged as income
MSD lump sum payments for the first 12 months after the payment is made
Payments of Accommodation Supplement arrears due to system processing error from 1993 to 2014 for the first 12 months after payment is made
Payments of arrears to Special Benefit clients better off on Temporary Additional Support for the first 12 months after payment is made
Payments to clients whose Kāinga Ora tenancy was terminated due to methamphetamine contamination for the first 12 months after payment is made
personal effects
Residential Care Subsidy historic review refunds for the first 12 months after the payment is made
Severe weather event payments for the first 12 months from when payment is received (and any interest earned on the payment)
specified Ex gratia and Compensation payments
FamilyBoost Tax Credit payments for the first 12 months after payment is received
Bonus Payment for the first 12 months after the payment is made