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 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.240 Extra allowable amount

Usage

This definition applies to all payments.

Definition

The extra allowable amount is the difference between the pension homeowners' and non-homeowners' assets value limits, at the time the person enters the special residence (e.g. retirement village or granny flat).

Act reference: SSAct section 1148 Extra allowable amount, section 12C Special residence and residents definitions

Last reviewed: