1.1.E.160 Exchange trading system


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


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 Income exempt from assessment - specifically approved

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