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.