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Social Security Update

Published on 04 May 01 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

From January 1 2002, new legislation which changes the treatement of private trusts and private companies under the income and assets test may result in a significant change in a person's Centrelink entitlement. This paper discusses these issues in relation to: How attribution of the assets of the T&C will be decided; The options available; When to make the change; Late changes to policy/legislation.

Author profile:

Mark MOFFATT
Financial Industry Liaison & State FIS Coordinator, Centrelink. Mark has 27 years experience in Social Security policy issues, 13 years in financial information and provides the industry with technical information, updates and strategies.
Current at 12 March 2004
Click here to expand/collapse more articles by Mark MOFFATT.
 

This was presented at 36TH SOUTH AUSTRALIAN CONVENTION - "WEATHERING THE REFORM STORM".

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