The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to social security payments. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.E.160 Exchange trading system

Usage

This definition applies to all income support payments under the SSAct.

Definition

An exchange trading system is a scheme in which members:

  • barter their services for consideration other than cash, or
  • receive credits for services performed for other members.

The Secretary may class an ETS as an 'approved scheme' where the scheme meets criteria stated in the SSAct that:

  • it is a local community-based system
  • its primary purpose is to help persons maintain their labour skills and keep them in touch with the labour market, and
  • it is not a system run by a person or organisation for profit.

Act reference: SSAct section 8(9) An exchange trading system …, section 8(10) An exchange trading system is an approved exchange trading system …

Policy reference: SS Guide 4.3.2.31 Income exempt from assessment - specifically approved

Last reviewed: