This table modifies particular provisions of the Social Security Act.
Modification of particular provisions of the Social Security Act | ||
Item | The following provisions of the Social Security Act: | apply as if ... |
paragraph 1061SB(2)(c) (increased rate of phone allowance for home internet) | the words "has reached pension age and" were omitted from that paragraph. | |
4 | subsection 1192(1) | the reference in that subsection to the Social Security Act included a reference to this Act. |
6 | sections 1118 and 1118B | a reference in those sections to the value of a person's assets (however expressed) included a reference to: (a) the value of a person's farm assets; and (b) the value of a person's non - farm assets. |
7 | subsection 1118AA(2) | the reference in that subsection to the value of a person's assets were a reference to the value of a person's non - farm assets. |
subsections 1118AB(2) and 1118AC(2) | the references in those subsections to the total value of the person's assets were references to the total value of the person's non - farm assets. | |
9 | section 1120C | that section applied for the purposes of Subdivision A of Division 6 of Part 2 of this Act (assets test). |
10 | section 1121 | a reference in that section to an asset were a reference to a non - farm asset. |
11 | section 1121A | the content of that section (after the heading) were replaced with: (1) If there is a charge or encumbrance over any of a person's farm assets, the value of those farm assets for the purposes of this Act is the result of the following formula (but not less than nil): (2) The Secretary (within the meaning of the Farm Household Support Act 2014 ) may decide when, and the extent to which, a liability is related to a farm asset for the purposes of subsection (1). |
section 1122 | the content of that section (after the heading) were replaced with: (1) The value of a person's farm assets for the purposes of this Act includes so much of an amount lent by the person, for spending relating to farm assets, as remains unpaid. (2) The value of a person's non - farm assets for the purposes of this Act includes so much of an amount lent by the person that: (a) is not covered by subsection (1); and (b) remains unpaid. (3) For the purposes of this section, disregard any amount payable by way of interest. | |
13 | sections 1131 and 1132 | a reference in those sections to an assets test included a reference to a test in Subdivision A of Division 6 of Part 2 of this Act. |
13A | subparagraph 1161(1)(a)(i) | that subparagraph were replaced with: (i) farm household allowance, where the person has turned 22 and the person is, under Subdivision C of Division 5 of Part 2 of the Farm Household Support Act 2014 , exempt from the activity test; or |
14 | paragraphs 1231(1)(e), (f) and (g) | each reference in those paragraphs to social security payments did not include a reference to FHA supplement or relief payment. |