1.1.C.63 Cash


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


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.


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 Assessing personal effects, household contents, vehicles & cash

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