Jobseeker Support : Contents
Cash assets
Cash assets mean the assets of the client and their partner (if any) that can be easily converted into cash.
Cash assets 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 or other financial institution
- mortgage investments and other long term loans
- shares, stocks, debentures, bonus bonds, and other bonds
- the net equity held in any property or land not used as the person's home and
- the client's share in any partnership
Cash assets do not include
- the home property and the land on which it is situated
- a caravan, boat or other vehicle with a net equity less than $2000, or is used by the client or a member of their family for day to day accommodation
- Christchurch mosques attack support payments
- Information share Child Support payments currently being charged as income
- motor vehicle principally used by the client for private use
- MSD lump sum payments for the first 12 months after the payment is made
- personal effects
- Residential Care Subsidy historic review refunds for the first 12 months after the payment is made
- 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
Note a bank overdraft facility is not considered a cash asset or resource available to a client.
Generally, ex gratia payments and compensation payments made by the Crown are excluded for the first 12 months following the date the client received the payment. For more information see:
- Core Policy Ex gratia and Compensation payments
In exceptional circumstances you can disregard some of the client's cash assets see:
