1.1.C.63 Cash

Usage

These definitions apply to all payments subject to assets testing provisions.

Definition

Cash includes the following:

  • cash on hand, other than that held to meet day-to-day expenses or pay outstanding bills, AND
  • on-call deposits with banks, credit unions and building societies.

Exclusions

The following are NOT cash:

  • fixed term deposits,
  • bank and commercial bills,
  • government and semi-government bonds, and
  • fixed interest securities.

Policy reference: SS Guide 4.6.5.10 Assessing Personal Effects, Household Contents, Vehicles & Cash

Last reviewed: 2 January 2018