Jobseeker Support Student Hardship : 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
- a caravan, boat or other vehicle with a net equity less than $2,000, or is used by the client or a member of their family for day to day accommodation
- a home property and land on which it is situated
- a motor vehicle principally used by the client for private use
- 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 payment is made
- Payments of Accommodation Supplement arrears due to a 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
- 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
Note a bank overdraft facility is not considered a cash asset or resource available to a client.
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.
For more information see, Types of income:
In exceptional circumstances you can disregard some of the client's cash assets see:
