198DAssets test

#### 198D Assets test Higher ADAT score adult passing the assets test (1) A care receiver who is a higher ADAT score adult passes the assets test if the total value of the following assets is less than $376,750: (a) the care receiver’s assets; (b) if the care receiver has a partner—any assets of the partner; (c) if the care receiver or the care receiver’s partner has one or more FTB children—any assets of the FTB children. > Note: The amount specified in subsection (1) is indexed on each 1 January (see sections 1190 and 1191). Sole care child passing the assets test (1A) A care receiver who is a sole care child passes the assets test if the total value of the following assets is less than $410,000: (a) the child’s assets; (b) if the child lives with his or her parent: (i) the assets of the parent; (ii) if the parent is a member of a couple—the assets of the parent’s partner; (iii) if the parent or the partner has one or more FTB children—the assets of those FTB children. > Note: See also subsection 197F(5). (1B) For the purposes of this Division (other than subsection (1A)), if the child lives with his or her parent, the child’s assets are taken to include the assets listed in subsection (1A). Combined care children passing the assets test (1C) Care receivers who are 2 or more combined care children pass the assets test if the total value of the following assets is less than $410,000: (a) the assets of all of the children; (b) if any of the children lives with his or her parent: (i) the assets of the parent; (ii) if the parent is a member of a couple—the assets of the parent’s partner; (iii) if the parent or the partner has one or more FTB children—the assets of those FTB children. However, assets of the same person are not to be taken into account more than once. > Note: See also subsection 197F(5). (1D) For the purposes of this Division (other than subsection (1C)), if any of the children lives with his or her parent, the child’s assets are taken to include the assets listed in paragraph (1C)(b) in relation to the child. However, assets of the same person are not to be included in the assets of more than one child. Lower ADAT score adult and multiple care child or children passing the assets test (1DA) Care receivers who are a lower ADAT score adult and one or more multiple care children pass the assets test if the total value of the assets of the following people is less than $571,500: (a) the adult; (b) each child; (c) if any of the children lives with his or her parent: (i) the parent; and (ii) if the parent is a member of a couple—the parent’s partner; and (iii) if the parent or the partner has one or more FTB children—those FTB children; (d) if the adult is a member of a couple—the adult’s partner; (e) if the adult or the partner has one or more FTB children—the FTB children. However, assets of the same person are not to be taken into account more than once. (1DB) For the purposes of this Division (other than subsection (1DA)), if any of the multiple care children lives with his or her parent, the child’s assets are taken to include the assets listed in paragraph (1DA)(c) in relation to the child. However, assets of the same person are not to be included in the assets of more than one child. Lower ADAT score adult and dependent child passing the assets test (1E) Care receivers who are a lower ADAT score adult and a dependent child pass the assets test if the total value of the assets of the following people is less than $410,000: (a) the adult; (b) the dependent child; (c) if the adult is a member of a couple—the adult’s partner; (d) if the adult or the partner has one or more FTB children—the FTB children.