Back to contents
|
Date of effect
|
Income before pension reduced under
income test
($ pa)(a)
|
Property/Asset test
($)(a)
|
|
|
Assets allowed before no pension payable
|
Assets allowed before pension reduced under assets test
|
|
27.07.42
|
65
|
800
|
100
|
|
13.08.46
|
104
|
1 300
|
100
|
|
26.10.48
|
156
|
1 500
|
200
|
|
06.11.51
|
156
|
2 000
|
200
|
|
05.11.53
|
208
|
2 500
|
300
|
|
19.10.54
|
364
|
3 500
|
400
|
|
28.10.58
|
364
|
4 500
|
400
|
|
|
Means as assessed(b)
|
|
|
|
14.03.61
|
364
|
|
400
|
|
19.10.66
|
364
|
|
400
|
|
02.05.67
|
520
|
|
400
|
|
30.09.69
|
520
|
|
400
|
|
10.10.72
|
1 040
|
|
400
|
|
Income before pension reduced under income test(c)
|
|
|
|
25.11.76
|
1 040
|
|
|
|
04.11.82
|
1 560
|
|
|
|
Assets allowed before pension reduced under assets test(d)
|
|
Homeowner
|
Non-homeowner
|
|
21.03.85
|
1 560
|
70 000
|
120 000
|
|
01.05.86
|
1 560
|
75 750
|
129 750
|
|
25.06.87
|
1 560
|
83 250
|
143 250
|
|
09.07.87
|
2 080
|
83 250
|
143 250
|
|
23.06.88
|
2 080
|
89 250
|
153 250
|
|
22.06.89
|
2 080
|
96 000
|
164 500
|
|
21.06.90
|
2 080
|
103 500
|
177 500
|
|
01.07.91
|
2 184
|
110 750
|
190 250
|
|
01.07.92
|
2 236
|
112 500
|
193 000
|
|
01.07.93
|
2 288
|
112 750
|
193 250
|
|
01.07.94
|
2 340
|
115 000
|
197 000
|
|
|
|
Homeowner
|
Non-homeowner
|
|
01.07.95
|
2 444
|
118 000
|
202 000
|
|
01.07.96
|
2 548
|
124 000
|
212 500
|
|
01.07.97
|
2 600
|
125 750
|
215 750
|
|
01.07.98
|
2 600
|
125 750
|
215 750
|
|
01.07.99
|
2 652
|
127 750
|
219 250
|
|
01.07.00
|
2 756
|
133 250
|
228 750
|
|
01.07.01
|
2 912
|
141 000
|
242 000
|
|
01.07.02
|
3 016
|
145 250
|
249 750
|
|
01.07.03
|
3 120
|
149 500
|
257 500
|
|
01.07.04
|
3 172
|
153 000
|
263 500
|
|
01.07.05
|
3 224
|
157 000
|
270 500
|
|
01.07.06
|
3 328
|
161 500
|
278 500
|
|
01.07.07
|
3 432
|
166 750
|
287 750
|
|
01.07.08
|
3 588
|
171 750
|
296 250
|
|
01.07.09
|
3 692
|
178 000
|
307 000
|
|
01.07.10
|
3 796
|
181 750
|
313 250
|
|
01.07.11
|
3 900
|
186 750
|
321 750
|
|
01.07.12
|
3 952
|
192 500
|
332 000
|
(a) Income and asset limits prior to 1966 converted to dollars for consistency.
(b) Merged means test introduced. Maximum pension reduced by amount ‘means as assessed’ (income plus property component) exceeded limit.
(c) Income-only test introduced.
(d) Assets test introduced.
For copyright reasons some linked items are only available to members of Parliament.
© Commonwealth of Australia
In essence, you are free to copy and communicate this work in its current form for all non-commercial purposes, as long as you attribute the work to the author and abide by the other licence terms. The work cannot be adapted or modified in any way. Content from this publication should be attributed in the following way: Author(s), Title of publication, Series Name and No, Publisher, Date.
To the extent that copyright subsists in third party quotes it remains with the original owner and permission may be required to reuse the material.
Inquiries regarding the licence and any use of the publication are welcome to webmanager@aph.gov.au.
This work has been prepared to support the work of the Australian Parliament using information available at the time of production. The views expressed do not reflect an official position of the Parliamentary Library, nor do they constitute professional legal opinion.
Feedback is welcome and may be provided to: web.library@aph.gov.au. Any concerns or complaints should be directed to the Parliamentary Librarian. Parliamentary Library staff are available to discuss the contents of publications with Senators and Members and their staff. To access this service, clients may contact the author or the Library‘s Central Entry Point for referral.