Clause 8. Cash assets limit

8

Cash assets limit

(1)

For the purposes of clause 6(g), the cash assets of the applicant and their spouse or partner (if any) must not exceed the appropriate limits in subclause (2).

(2)

The cash assets limits referred to in subclause (1) are-

(a)

$4,500 for a single applicant; or

(b)

$6,500 for an applicant in a relationship; or

(c)

$7,500 for an applicant with a dependent child or children.

(3)

In this clause, cash assets has the same meaning as in regulation 60 of the Social Security Regulations 2018.