1.1.A.125 Allowable income for LIC
For the purposes of the LIC, allowable income is the maximum amount of income a claimant can have and still qualify for the LIC.
Assessment of allowable income
Allowable income is assessed using the person's average weekly assessable income for the 8-week period immediately before the date of the first and each subsequent claim. This must be less than the 100% income limit applicable to the claimant.
Once a LIC is issued, the allowable income is assessed using the person's average weekly assessable income for any subsequent 8-week period. This must be less than the 125% income limit applicable to the claimant.
The income limits for the LIC are set out in 220.127.116.11 LIC - assessment of income.
Act reference: SSAct section 1071A Health care card income test