Cash assets

Cash assets mean assets of the client and their partner (if any) and if the client is a dependent child, their parents, that can be easily converted into cash and include:

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

• a caravan, boat, or other vehicle with a net equity of less than $2000, or which is used by the person or a member of their immediate family for day to day accommodation
• a motor vehicle principally used by the client for private use
• the 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

A bank overdraft facility is not considered a cash asset or resource available to a client, except for couples or sole parents applying for assistance during the initial stand-down and/or application process.

Canterbury earthquake related payments

Payments made by the Crown, Earthquake Commission, insurance companies or the Canterbury Earthquake Commission (Red Cross) relating to the Canterbury earthquake are generally excluded for the first 12 or 24 months following the date the client received the payment.