{"id":"F2008L04316","name":"Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2008 (No. 2)","slug":"social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":76305,"registerId":"commonwealth-F2008L04316-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2008 (No. 2)","content":"![](image.001.png)\n\nSocial Security (Deeming Threshold Rates) (FaHCSIA) Determination 2008 (No.2)\n\nI, Jenny Macklin, Minister for Families, Housing, Community Services and Indigenous Affairs, make this determination under section 1082 of the Social Security Act 1991.\n\nDated 12 November 2008.\n\nJ Macklin\n\nMinister for Families, Housing, Community Services and Indigenous Affairs\n\n1. Name of determination\n\nThis determination is the Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2008 (No.2).\n\n2. Commencement\n\nThis determination commences on 17 November 2008.\n\n3. Interpretation\n\nIn this determination:\n\n> Act means the Social Security Act 1991.\n\n4. Revocation of Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2008\n\nThe Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2008 is revoked.\n\n5. Below threshold rate\n\nFor subsection 1082 (1) of the Act, the below threshold rate for Division 1B of Part 3.10 of the Act is 3 per cent.\n\n6. Above threshold rate\n\nFor subsection 1082 (2) of the Act, the above threshold rate for Division 1B of Part 3.10 of the Act is 5 per cent.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1826},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The determination performs exactly the narrow function described in its title—prescribing the deeming threshold rates. It replaces an earlier 2008 determination but does not expand beyond the original legislative purpose of setting these specific financial rates for social security income testing."},"complexity_factors":["Extremely short instrument with only 6 sections","Single defined term ('Act')","Two straightforward operative provisions setting numerical percentages","Requires external knowledge of Division 1B of Part 3.10 of the Social Security Act 1991 to understand context","Contains a simple revocation of a previous instrument"],"plain_english_summary":"This instrument sets the deeming rates used by Centrelink to calculate assumed income from financial assets for social security income tests. It applies a 3% rate for assets below a threshold and 5% for assets above it, affecting pensioners and other benefit recipients with bank accounts, shares or managed funds. It replaces the 2008 determination."}},"importantCases":[],"_links":{"self":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2","history":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2/history","analysis":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2/analysis","conflicts":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2/conflicts","importantCases":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2/important-cases","documents":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2008-no-2/documents"}}