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.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: