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 relevant legislation/policy. 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.L.60 Liquid funds (SpB)

Definition

For the purposes of SpB, liquid funds means money the person has ready access to.

Examples:

payments from previous employment
cash on hand
money in a bank or other financial institution
shares, debentures and other investments
other money obtainable at short notice
income available but not yet paid
instalments of income due within the fortnight from date of lodgement
compensation payments
income support payments due within the fortnight from date of lodgement
FTB, including (if payable) RA, newborn upfront payment and newborn supplement
carer supplement
child disability assistance payment
the liquid funds of a partner (1.1.P.85), and
bank accounts held on behalf of dependent children (1.1.D.70).

Act reference: SSAct section 23(1)-'income support payment'

Policy reference: SS Guide 3.7.1 SpB - qualification & payability

Last reviewed: 8 May 2023

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