Australian Politics Forum - Lotto Winner Loses Access To Pension

Gnads

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Re: Lotto Winner Loses Access To Pension
Reply #330 - Jan 1^st, 2024 at 4:03pm

aquascoot wrote on Jan 1^st, 2024 at 1:03pm:

MeisterEckhart wrote on Jan 1^st, 2024 at 12:48pm:

lee wrote on Jan 1^st, 2024 at 12:20pm:

greggerypeccary wrote on Jan 1^st, 2024 at 11:40am:

This does not include money in your bank accounts [because that is declared elsewhere on the form]
or cash held to meet day-to-day expenses and to pay outstanding bills

Now tell us about your claim re "day-to-day expenses" You know as distinct from week to week, month to month, To 3-years and a day etc. Roll Eyes

BTW - Acts Interpretation Act doesn't define day to day, so it has its normal English usage.

An act's regulations usually delegate the interpretation of terms such as 'day to day' to the respective administrative agency.

So it is irrelevant what individuals may choose to interpret the term to mean, (usually to suit their own, personal circumstances), it only matters, in the first instance, what the agency has determined it to mean.

On 'day-to-day' cash on hand, in the vernacular few of us would consider keeping $50K in cash as apropos to paying day-to-day expenses.

services australia says you must report more then 2000 dollars held.

gweggy is a bush lawyer and not a very good one

the idea that you can scam the asset test by hoarding cash and the government would be ok with that is laughable

$2000 is FA

As I stated I paid $2650 for ceramic coating ... 1 item.

I have much more than that in my everyday savings account... that is a working account.

Having to buy beds or whitegoods would gobble up @ grand in the blink of an eye.

Get a plumber, electrician out for small jobs like putting in a new hot water system or some gutter repairs. Goooooooorn.

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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Gnads

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Re: Lotto Winner Loses Access To Pension
Reply #331 - Jan 1^st, 2024 at 4:05pm

UnSubRocky wrote on Jan 1^st, 2024 at 3:39pm:

Gnads wrote on Jan 1^st, 2024 at 9:42am:

UnSubRocky wrote on Dec 31^st, 2023 at 10:24pm:

greggerypeccary wrote on Dec 31^st, 2023 at 4:53pm:

Do you live in 1986?

The house belongs to relatives. I live there and pay enough rent to cover expenses. Food is something I can be really frugal about, given that I am just paying for my own groceries.

$125 wouldn't cover a thimble.

In reality you pay board ... not rent ... & phuckall at that.... in 2023.

$125 a week covers the insurance. What it won't cover is the restumping of the house so that I could close or open the door without having to thump the door open or closed.

Just be honest .... you're paying phukk all.

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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greggerypeccary

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Re: Lotto Winner Loses Access To Pension
Reply #332 - Jan 1^st, 2024 at 4:11pm

Gnads wrote on Jan 1^st, 2024 at 4:03pm:

aquascoot wrote on Jan 1^st, 2024 at 1:03pm:

MeisterEckhart wrote on Jan 1^st, 2024 at 12:48pm:

lee wrote on Jan 1^st, 2024 at 12:20pm:

greggerypeccary wrote on Jan 1^st, 2024 at 11:40am:

This does not include money in your bank accounts [because that is declared elsewhere on the form]
or cash held to meet day-to-day expenses and to pay outstanding bills

Now tell us about your claim re "day-to-day expenses" You know as distinct from week to week, month to month, To 3-years and a day etc. Roll Eyes

BTW - Acts Interpretation Act doesn't define day to day, so it has its normal English usage.

An act's regulations usually delegate the interpretation of terms such as 'day to day' to the respective administrative agency.

So it is irrelevant what individuals may choose to interpret the term to mean, (usually to suit their own, personal circumstances), it only matters, in the first instance, what the agency has determined it to mean.

On 'day-to-day' cash on hand, in the vernacular few of us would consider keeping $50K in cash as apropos to paying day-to-day expenses.

services australia says you must report more then 2000 dollars held.

gweggy is a bush lawyer and not a very good one

the idea that you can scam the asset test by hoarding cash and the government would be ok with that is laughable

$2000 is FA

Indeed.

Especially when the average pensioner is expected to live for 16 years after they retire.

With $2,000 cash, that works out to $2.40 per week for "shopping and day to day expenses".

Champagne & caviar every day!

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GOP = Guardians Of Paedophiles

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Bobby. Gold Member Online Australian Politics Posts: 120545 Melbourne Gender:	Re: Lotto Winner Loses Access To Pension Reply #333 - Jan 1^st, 2024 at 4:14pm Greggy, we're all still waiting for your apology?
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greggerypeccary Gold Member Offline Australian Politics Posts: 153738 Gender:	Re: Lotto Winner Loses Access To Pension Reply #334 - Jan 1^st, 2024 at 4:16pm Bobby. wrote on Jan 1^st, 2024 at 4:14pm: Greggy, we're all still waiting for your apology? I'm sorry they're too spicy for you ... apparently.
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Bobby. Gold Member Online Australian Politics Posts: 120545 Melbourne Gender:	Re: Lotto Winner Loses Access To Pension Reply #335 - Jan 1^st, 2024 at 4:24pm Greggy, apologise for giving out legal advice on Ozpolitic when you have no qualifications in the law. Some gullible people could end up in jail from your advice.
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MeisterEckhart Gold Member Offline Australian Politics Posts: 17122 Gender:	Re: Lotto Winner Loses Access To Pension Reply #336 - Jan 1^st, 2024 at 9:03pm How many declining old women with little to their name have $50K in cash at home? The most likely ones are those who have family members pilfering the cash.
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UnSubRocky

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Re: Lotto Winner Loses Access To Pension
Reply #337 - Jan 2^nd, 2024 at 12:47am

John Smith wrote on Jan 1^st, 2024 at 3:48pm:

UnSubRocky wrote on Jan 1^st, 2024 at 3:39pm:

Gnads wrote on Jan 1^st, 2024 at 9:42am:

UnSubRocky wrote on Dec 31^st, 2023 at 10:24pm:

greggerypeccary wrote on Dec 31^st, 2023 at 4:53pm:

Do you live in 1986?

The house belongs to relatives. I live there and pay enough rent to cover expenses. Food is something I can be really frugal about, given that I am just paying for my own groceries.

$125 wouldn't cover a thimble.

In reality you pay board ... not rent ... & phuckall at that.... in 2023.

$125 a week covers the insurance. What it won't cover is the restumping of the house so that I could close or open the door without having to thump the door open or closed.

You realise most people renting pay full rent, and pay their own contents insurance. Cheesy

So? If you had the opportunity to pay a low rent, would you take it?

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At this stage...

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UnSubRocky Gold Member Offline Crocodile Hunter: Origins Posts: 25371 Rockhampton Gender:	Re: Lotto Winner Loses Access To Pension Reply #338 - Jan 2^nd, 2024 at 12:48am Gnads wrote on Jan 1^st, 2024 at 4:05pm: Just be honest .... you're paying phukk all. From what I see being paid by other renters, I do pay f u ck all.
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John Smith

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Re: Lotto Winner Loses Access To Pension
Reply #339 - Jan 2^nd, 2024 at 6:27am

UnSubRocky wrote on Jan 2^nd, 2024 at 12:47am:

John Smith wrote on Jan 1^st, 2024 at 3:48pm:

UnSubRocky wrote on Jan 1^st, 2024 at 3:39pm:

Gnads wrote on Jan 1^st, 2024 at 9:42am:

UnSubRocky wrote on Dec 31^st, 2023 at 10:24pm:

greggerypeccary wrote on Dec 31^st, 2023 at 4:53pm:

Do you live in 1986?

The house belongs to relatives. I live there and pay enough rent to cover expenses. Food is something I can be really frugal about, given that I am just paying for my own groceries.

$125 wouldn't cover a thimble.

In reality you pay board ... not rent ... & phuckall at that.... in 2023.

$125 a week covers the insurance. What it won't cover is the restumping of the house so that I could close or open the door without having to thump the door open or closed.

You realise most people renting pay full rent, and pay their own contents insurance. Cheesy

So? If you had the opportunity to pay a low rent, would you take it?

Of course. But I wouldn't be quoting my discounted rent as normal in any discussions about costs of living. Cheesy

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Frank Gold Member Online Australian Politics Posts: 58947 Gender:	Re: Lotto Winner Loses Access To Pension Reply #340 - Jan 2^nd, 2024 at 7:50am Lotteries are a tax on stupidity. Dr Johnson
Back to top	Estragon: I can’t go on like this. Vladimir: That’s what you think. IP Logged

Bobby. Gold Member Online Australian Politics Posts: 120545 Melbourne Gender:	Re: Lotto Winner Loses Access To Pension Reply #341 - Jan 2^nd, 2024 at 7:54am Frank wrote on Jan 2^nd, 2024 at 7:50am: Lotteries are a tax on stupidity. Dr Johnson Yeah - win the taxed lottery and lose your pension.
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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	FAKE NEWS re Lotto Winner Reply #342 - Jan 2^nd, 2024 at 4:22pm I'm surprised no one else has yet realised this.
Back to top	If I let myself be bought then I am no longer free. HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415) IP Logged

aquascoot

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Re: Lotto Winner Loses Access To Pension
Reply #343 - Jan 2^nd, 2024 at 5:58pm

Gnads wrote on Jan 1^st, 2024 at 4:03pm:

aquascoot wrote on Jan 1^st, 2024 at 1:03pm:

MeisterEckhart wrote on Jan 1^st, 2024 at 12:48pm:

lee wrote on Jan 1^st, 2024 at 12:20pm:

greggerypeccary wrote on Jan 1^st, 2024 at 11:40am:

This does not include money in your bank accounts [because that is declared elsewhere on the form]
or cash held to meet day-to-day expenses and to pay outstanding bills

Now tell us about your claim re "day-to-day expenses" You know as distinct from week to week, month to month, To 3-years and a day etc. Roll Eyes

BTW - Acts Interpretation Act doesn't define day to day, so it has its normal English usage.

An act's regulations usually delegate the interpretation of terms such as 'day to day' to the respective administrative agency.

So it is irrelevant what individuals may choose to interpret the term to mean, (usually to suit their own, personal circumstances), it only matters, in the first instance, what the agency has determined it to mean.

On 'day-to-day' cash on hand, in the vernacular few of us would consider keeping $50K in cash as apropos to paying day-to-day expenses.

services australia says you must report more then 2000 dollars held.

gweggy is a bush lawyer and not a very good one

the idea that you can scam the asset test by hoarding cash and the government would be ok with that is laughable

$2000 is FA

As I stated I paid $2650 for ceramic coating ... 1 item.

I have much more than that in my everyday savings account... that is a working account.

Having to buy beds or whitegoods would gobble up @ grand in the blink of an eye.

Get a plumber, electrician out for small jobs like putting in a new hot water system or some gutter repairs. Goooooooorn.

you misunderstand

when you apply for centrelink you have to tell them what you have in the bank or in shares.

fair enough

that establsihes your payment

but there is also a requirement that if you have more then 2000 dollars that they are not aware of, you have to make them aware

so you cannot keep over 2000 in cash without telling them

but you can still have money in the bank up to ma certain ammount before it affects your payment

from the services australia website

Financial investments
Tell us about any financial investments you and your partner own, or partially own, in and outside Australia. Financial investments include any of these:

bank, building society and credit union accounts
cash on hand
deeming accounts
term deposit accounts
uncleared cheques
managed investments, including margin loans
shares and securities.

https://www.servicesaustralia.gov.au/asset-types?context=51411

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aquascoot Gold Member Offline Australian Politics Posts: 37912 Gender:	Re: Lotto Winner Loses Access To Pension Reply #344 - Jan 2^nd, 2024 at 5:59pm If the value of your assets changes You need to tell us if your overall asset values increase above what is already recorded. We need to know if the value has increased by the following amounts: $2,000 or more for financial assets
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