Residential Care Subsidy : Contents
Income from assets exemption
Some income generated from assets is exempt from the means assessment of income.
This income exemption applies to any income the client and their partner (if any) get from their assets. The amount of the income exemption depends on the client's circumstances.
The income from assets exemption (as at 1 July 2026) is:
Category | Net income exemption (per year) |
Single person | $1,306 |
Client with a partner - both in care | $2,612 |
Client with a partner in the community | $3,918 |
This exemption does not apply to income that is not from the client's and partner's (if any) assets.
Legislation
- income-from-assets exemption (definition) clause 5 schedule 2, Residential Care and Disability Support Services Act 2018
- assets (definition) clause 4 schedule 2, Residential Care and Disability Support Services Act 2018
- exempt assets (definition) clause 4 schedule 2, Residential Care and Disability Support Services Act 2018
