Asset types
Assets are property or items you or your partner own in full or part, or have an interest in. They can affect your payment.
Income from self employment
If you’re self employed you need to tell us about your business income. This is so we can pay you the right amount. You also need to tell us if this changes.
Granny flat interest
A granny flat interest is an agreement for accommodation for life. It can affect your eligibility or rate of payment and we may include it in your assets test.
Transitional rate of pension
The transitional rate started in 2009. It's for pensioners who would get a lower pension rate if we used the new income test.
Income
Most types of income count in your income test. We use this and your assets test to assess if you can get a payment, and to calculate your rate of payment.
Deeming
Deeming rules are used to work out income from your financial assets. We add this to your other income and apply the income test to determine your payment rate.
Paying tax on a Centrelink payment
You may have to pay income tax on your taxable Centrelink payments.
Private Trust form (MOD PT)
Use this form if in the last 5 years, you or your partner have been involved with or have transferred funds or assets to a private trust that has not been vested.
Buying continence aids products
We don’t supply or sell continence aids products.
Income streams
These are regular payments made from your superannuation fund or purchased using either superannuation money or savings.