{"id":"F2026L00137","name":"Social Security (Deeming Threshold Rates) Determination 2026","slug":"social-security-deeming-threshold-rates-determination-2026","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":107713,"registerId":"commonwealth-F2026L00137-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name","content":"#### 1 Name\n\n This instrument is the Social Security (Deeming Threshold Rates) Determination 2026.","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.\n\n```html\n

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1. The whole of this instrument

20 March 2026.

\n```\n\n> Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.\n\n (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Authority","content":"#### 3 Authority\n\n This instrument is made under section 1082 of the Social Security Act 1991.","sortOrder":2},{"sectionNumber":"4","sectionType":"section","heading":"Schedules","content":"#### 4 Schedules\n\n Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.","sortOrder":3},{"sectionNumber":"5","sectionType":"section","heading":"Definition","content":"#### 5 Definition\n\n In this instrument:\n\n> Act means the Social Security Act 1991.","sortOrder":4},{"sectionNumber":"6","sectionType":"section","heading":"Below threshold rate","content":"#### 6 Below threshold rate\n\n For subsection 1082(1) of the Act, the below threshold rate for Division 1B of Part 3.10 of the Act is 1.25 per cent.","sortOrder":5},{"sectionNumber":"7","sectionType":"section","heading":"Above threshold rate","content":"#### 7 Above threshold rate\n\n For subsection 1082(2) of the Act, the above threshold rate for Division 1B of Part 3.10 of the Act is 3.25 per cent.\n\n \n\nSchedule 1—Repeals\n\nSocial Security (Deeming Threshold Rates) Determination 2025\n\n1 The whole of the instrument\n\nRepeal the instrument.","sortOrder":6}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"This instrument replaces the Social Security (Deeming Threshold Rates) Determination 2025 (Schedule 1) and updates the numeric rates that apply to Division 1B of Part 3.10—below‑threshold 1.25% and above‑threshold 3.25%—while leaving the statutory scope of Division 1B unchanged. Commencement is 20 March 2026 (cl 2)."},"complexity_factors":["Very short instrument with only two numeric rates specified (ss 6–7).","Formal cross‑references to the Social Security Act 1991 (made under s1082) and to Division 1B of Part 3.10, requiring readers to consult the primary Act to see substantive effect.","Standard commencement provision with a specific commencement date (cl 2) and repeal of the prior Determination (Schedule 1).","No discretionary powers, tests, or procedural requirements in the instrument itself—mechanical numeric update only."],"plain_english_summary":"This instrument sets the deemed interest rates that apply to Division 1B of Part 3.10 of the Social Security Act 1991: a below‑threshold rate of 1.25% and an above‑threshold rate of 3.25%. It takes effect on 20 March 2026 and repeals the 2025 Determination. It affects persons and cases governed by Division 1B because subsection 1082 of the Act uses these rates to give legal effect to deeming calculations."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow purpose: setting the deeming rates for financial investments under the Social Security Act. It has not expanded beyond this specific technical function."},"complexity_factors":["Very short instrument (only 7 substantive sections plus a repeal schedule)","Only 1 defined term ('Act')","No nested exceptions or conditional logic — simply sets two numerical rates","Straightforward repeal of a single previous instrument","Minimal cross-referencing (only references to specific subsections of the Social Security Act 1991)"],"plain_english_summary":"This instrument sets the deeming rates Centrelink uses to treat financial investments as income for social security income tests: 1.25% on assets up to the threshold and 3.25% on amounts above it. It affects anyone on an Australian pension or allowance with bank accounts, shares or managed funds and can change payment amounts and retirement planning.\n\nThe determination replaces the 2025 version and takes effect 20 March 2026."}},"importantCases":[],"_links":{"self":"/api/acts/social-security-deeming-threshold-rates-determination-2026","history":"/api/acts/social-security-deeming-threshold-rates-determination-2026/history","analysis":"/api/acts/social-security-deeming-threshold-rates-determination-2026/analysis","conflicts":"/api/acts/social-security-deeming-threshold-rates-determination-2026/conflicts","importantCases":"/api/acts/social-security-deeming-threshold-rates-determination-2026/important-cases","documents":"/api/acts/social-security-deeming-threshold-rates-determination-2026/documents"}}