{"id":"F2010L00649","name":"Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2010 (No. 1)","slug":"social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":123775,"registerId":"commonwealth-F2010L00649-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2010 (No. 1)","content":"![](image.001.png)\n\nSocial Security (Deeming Threshold Rates) (FaHCSIA) Determination 2010 (No. 1)\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 2nd March 2010\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 2010 (No. 1).\n\n2 Commencement\n\nThis Determination commences on 20 March 2010.\n\n3 Interpretation\n\nIn this Determination:\n\n> Act means the Social Security Act 1991.\n\n4 Revocation of previous Determination\n\nThe Social Security (Deeming Threshold Rates) (FaHCSIA) Determination 2009 (No. 2) 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 4.5 per cent.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2936},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This Determination performs exactly the function authorised by section 1082 of the Social Security Act 1991—setting the deeming threshold rates. It replaces previous rates with new ones without expanding beyond the statutory purpose."},"complexity_factors":["Only 6 short sections","Single defined term ('Act')","No conditional logic or nested exceptions","Straightforward numerical rate-setting only","Cross-references limited to the empowering provision (section 1082)"],"plain_english_summary":"This Determination updates the **deeming rates** used to calculate income from financial investments for social security purposes.\n\n**How deeming works**\nCentrelink uses \"deeming\" to assume your financial investments (bank accounts, shares, term deposits) earn a specific rate of income, regardless of what they actually earn. This assumed income counts toward the income test that determines your pension or benefit rate.\n\n**What changes**\n- **Lower rate (below threshold):** 3% per year\n- **Higher rate (above threshold):** 4.5% per year\n\nThese percentages apply to different tiers of your total financial investments—the specific dollar thresholds that trigger each rate are set separately in the Social Security Act.\n\n**Impact**\nIf you receive an income-tested payment like the Age Pension, Disability Support Pension, or JobSeeker Payment, these rates determine how much income Centrelink attributes to your savings. Higher deeming rates mean Centrelink counts more income against you, potentially reducing your fortnightly payment."}},"importantCases":[],"_links":{"self":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1","history":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1/history","analysis":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1/analysis","conflicts":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1/conflicts","importantCases":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1/important-cases","documents":"/api/acts/social-security-deeming-threshold-rates-fahcsia-determination-2010-no-1/documents"}}