Commonwealth legislation

Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

This determination sets the deeming rates Centrelink uses to calculate assumed income from financial investments when assessing income‑tested payments. It fixes a lower rate of 3% for assets up to the applicable threshold and 4.5% for amounts above that threshold.

It affects people receiving or applying for payments like the Age Pension, Disability Support Pension, or Carer Payment and takes effect 20 March 2010.

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Current sections

Direct links to the current provisions in Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1).

Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1)

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Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1)

I, JULIA EILEEN GILLARD, Minister for Education, Minister for Employment and Workplace Relations, make this determination under section 1082 of the Social Security Act 1991.

Dated 3 March 2010

JULIA EILEEN GILLARD

Minister for Education

Minister for Employment and Workplace Relations

1 Name of determination

This determination is the Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1).

2 Commencement

This determination commences on 20 March 2010.

3 Revocation

The Social Security (Deeming Threshold Rates) (DEEWR) Determination 2009 (No. 2) is revoked.

4 Definition

In this determination:

Act means the Social Security Act 1991.

5 Below threshold rate

For subsection 1082 (1) of the Act, the below threshold rate for Division 1B of Part 3.10 of the Act is 3 per cent.

6 Above threshold rate

For 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.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1)

Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1)

I, JULIA EILEEN GILLARD, Minister for Education, Minister for Employment and Workplace Relations, make this determination under section 1082 of the Social Security Act 1991.

Dated 3 March 2010

JULIA EILEEN GILLARD

Minister for Education

Minister for Employment and Workplace Relations

1 Name of determination

This determination is the Social Security (Deeming Threshold Rates) (DEEWR) Determination 2010 (No. 1).

2 Commencement

This determination commences on 20 March 2010.

3 Revocation

The Social Security (Deeming Threshold Rates) (DEEWR) Determination 2009 (No. 2) is revoked.

4 Definition

In this determination:

Act means the Social Security Act 1991.

5 Below threshold rate

For subsection 1082 (1) of the Act, the below threshold rate for Division 1B of Part 3.10 of the Act is 3 per cent.

6 Above threshold rate

For 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.