Australian Politics Forum - Lotto Winner Loses Access To Pension

lee Gold Member Offline Australian Politics Posts: 21103 Gender:	Re: Lotto Winner Loses Access To Pension Reply #30 - Dec 30^th, 2023 at 5:32pm greggerypeccary wrote on Dec 30^th, 2023 at 5:21pm: Which section? Which one do you want it to be. Services Australia clearly says you must disclose. So if it isn't on the form, ask. Therefore, ignorance is no excuse. Although in your case, we may make an exception.
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MeisterEckhart Gold Member Offline Australian Politics Posts: 17122 Gender:	Re: Lotto Winner Loses Access To Pension Reply #31 - Dec 30^th, 2023 at 5:35pm Carl D wrote on Dec 30^th, 2023 at 3:38pm: I know a few pensioners who would be more than happy to pay you a visit in Nowheresville, Outback Queensland (population: always 10) and 'lean' on you if I showed them your post. Literally, if you kicked the Zimmer frame from them.
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Bobby.

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Re: Lotto Winner Loses Access To Pension
Reply #32 - Dec 30^th, 2023 at 5:36pm

greggerypeccary wrote on Dec 30^th, 2023 at 5:21pm:

lee wrote on Dec 30^th, 2023 at 5:20pm:

Answered above Dufus. Roll Eyes

Which section on the official form that applicants must sign asks for disclosure of cash?

https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Just give me the number.

I did a.pdf search for cash and it's not mentioned as cash on hand.

That's strange as they ask every other possible question.

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aquascoot Gold Member Offline Australian Politics Posts: 37920 Gender:	Re: Lotto Winner Loses Access To Pension Reply #33 - Dec 30^th, 2023 at 5:43pm hi gweggy if i'm wrong, i'll leave the forum forever
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Jasin Gold Member Offline Posts: 56845 Gender:	Re: Lotto Winner Loses Access To Pension Reply #34 - Dec 30^th, 2023 at 5:50pm aquascoot wrote on Dec 30^th, 2023 at 5:43pm: hi gweggy if i'm wrong, i'll leave the forum forever
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Gnads

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Re: Lotto Winner Loses Access To Pension
Reply #35 - Dec 30^th, 2023 at 6:01pm

aquascoot wrote on Dec 30^th, 2023 at 3:14pm:

Carl D wrote on Dec 30^th, 2023 at 1:31pm:

No wonder so many pensioners hide their cash 'under the mattress' these days.

And the government knows they do but there isn't anything they can do about it at the moment and that's one of the reasons why they're trying to get rid of cash altogether.

The Reserve Bank apparently keeps track of banknotes in circulation and they've noticed that a large number of 50 and 100 dollar notes have been out of circulation for many years (because they're 'hidden' under mattresses, etc.).

I recall one of the (former?) mods here - I think it was Andrei Hicks - telling us some years ago about his elderly parents in Queensland having about $100,000 in cash hidden around the house so they wouldn't lose their pension and healthcare benefits, etc.

Can't say I blame them actually. Especially these days where it seems that honest people get screwed by governments and business.

And I'm sure they would have been just the 'tip of the iceberg'.

taker mentality

learning how to be a better leaner Roll Eyes

What a load of horse poo Aqua

A $60k win on anything, Lotto, Keno or Scratchies(which are also run by Lotto) is SFA.

I have a small amount in my bank account & under $300k in my super & I still get the pension.

Either this old bloke already had close to too much in his bank or asset capital ....

or he's been royally savved by CentreLink.

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Bobby.

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Re: Lotto Winner Loses Access To Pension
Reply #36 - Dec 30^th, 2023 at 6:11pm

Thanks for the form Greggy - it's hilarious.
Stalin and Karl would be proud of those commies.
https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Quote:

37 Do you (and/or your partner) own, partly own or have a
financial interest in any motor vehicles, motor cycles or
trailers?
The current market value is the price that you
would expect to get if you sold the item. It is not the
replacement or insured value.
Include:
• all furniture (including soft furnishings such as
curtains), antiques and works of art
• electrical appliances such as televisions and fridges
• jewellery for personal use and hobby collections
(for example, stamps, coins)

My answer:
I have a 25 year old chair worth $2. Grin

I have a 6 year old toaster than I paid $14 for from Aldi that doesn’t work properly. Grin

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aquascoot

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Re: Lotto Winner Loses Access To Pension
Reply #37 - Dec 30^th, 2023 at 6:13pm

Gnads wrote on Dec 30^th, 2023 at 6:01pm:

aquascoot wrote on Dec 30^th, 2023 at 3:14pm:

Carl D wrote on Dec 30^th, 2023 at 1:31pm:

No wonder so many pensioners hide their cash 'under the mattress' these days.

And the government knows they do but there isn't anything they can do about it at the moment and that's one of the reasons why they're trying to get rid of cash altogether.

The Reserve Bank apparently keeps track of banknotes in circulation and they've noticed that a large number of 50 and 100 dollar notes have been out of circulation for many years (because they're 'hidden' under mattresses, etc.).

I recall one of the (former?) mods here - I think it was Andrei Hicks - telling us some years ago about his elderly parents in Queensland having about $100,000 in cash hidden around the house so they wouldn't lose their pension and healthcare benefits, etc.

Can't say I blame them actually. Especially these days where it seems that honest people get screwed by governments and business.

And I'm sure they would have been just the 'tip of the iceberg'.

taker mentality

learning how to be a better leaner Roll Eyes

What a load of horse poo Aqua

A $60k win on anything, Lotto, Keno or Scratchies(which are also run by Lotto) is SFA.

I have a small amount in my bank account & under $300k in my super & I still get the pension.

Either this old bloke already had close to too much in his bank or asset capital ....

or he's been royally savved by CentreLink.

i was talking to carl, not this fictitous individual.

but , no, you never want to win lotto

you never want a dollar you didnt earn

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aquascoot

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Re: Lotto Winner Loses Access To Pension
Reply #38 - Dec 30^th, 2023 at 6:15pm

Research has shown that after one year, lottery winners go back to their baseline. Some are even less happy,” he said in a TED Talk earlier this year.

“A few probably spent their money on a big mansion or a fancy car. Maybe they spent it all on gambling. But even so, at the end of three months, it’s just a house, it’s just a nice car. You get used to it,” says Chopra, who has written a number of books about happiness. He calls this phenomenon hedonic adaptation, which is a concept that refers to people’s general tendency to return to a set level of happiness despite life’s ups and downs.

In the talk, Chopra explains the four things that have been scientifically linked to happiness:

1 family and children

2 friends

3 giving

4 gratitude

https://www.cnbc.com/2019/05/31/harvard-professor-says-winning-20-million-lotter...

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Gordon Gold Member Offline Australian Politics Posts: 21868 Gordon Gender:	Re: Lotto Winner Loses Access To Pension Reply #39 - Dec 30^th, 2023 at 6:19pm Lottery winnings aren't subject to income tax but the resulting increase in assets will trigger a reassessment of what benefits you're entitled to. As others have said, the 60 would have pushed him over a cutoff threshold.
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Gnads

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Re: Lotto Winner Loses Access To Pension
Reply #40 - Dec 30^th, 2023 at 6:22pm

aquascoot wrote on Dec 30^th, 2023 at 6:13pm:

Gnads wrote on Dec 30^th, 2023 at 6:01pm:

aquascoot wrote on Dec 30^th, 2023 at 3:14pm:

Carl D wrote on Dec 30^th, 2023 at 1:31pm:

No wonder so many pensioners hide their cash 'under the mattress' these days.

And the government knows they do but there isn't anything they can do about it at the moment and that's one of the reasons why they're trying to get rid of cash altogether.

The Reserve Bank apparently keeps track of banknotes in circulation and they've noticed that a large number of 50 and 100 dollar notes have been out of circulation for many years (because they're 'hidden' under mattresses, etc.).

I recall one of the (former?) mods here - I think it was Andrei Hicks - telling us some years ago about his elderly parents in Queensland having about $100,000 in cash hidden around the house so they wouldn't lose their pension and healthcare benefits, etc.

Can't say I blame them actually. Especially these days where it seems that honest people get screwed by governments and business.

And I'm sure they would have been just the 'tip of the iceberg'.

taker mentality

learning how to be a better leaner Roll Eyes

What a load of horse poo Aqua

A $60k win on anything, Lotto, Keno or Scratchies(which are also run by Lotto) is SFA.

I have a small amount in my bank account & under $300k in my super & I still get the pension.

Either this old bloke already had close to too much in his bank or asset capital ....

or he's been royally savved by CentreLink.

i was talking to carl, not this fictitous individual.

but , no, you never want to win lotto

you never want a dollar you didnt earn

The dollar I may use to buy a lotto ticket once in a while ...... I phukkin earned.

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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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Carl D

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Re: Lotto Winner Loses Access To Pension
Reply #41 - Dec 30^th, 2023 at 6:26pm

Bobby. wrote on Dec 30^th, 2023 at 6:11pm:

Thanks for the form Greggy - it's hilarious.
Stalin and Karl would be proud of those commies.
https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Quote:

37 Do you (and/or your partner) own, partly own or have a
financial interest in any motor vehicles, motor cycles or
trailers?
The current market value is the price that you
would expect to get if you sold the item. It is not the
replacement or insured value.
Include:
• all furniture (including soft furnishings such as
curtains), antiques and works of art
• electrical appliances such as televisions and fridges
• jewellery for personal use and hobby collections
(for example, stamps, coins)

My answer:
I have a 25 year old chair worth $2. Grin

I have a 6 year old toaster than I paid $14 for from Aldi that doesn’t work properly. Grin

I have a nearly 15 year old Hyundai Getz with over 150,000k on the clock and is insured for $5,246 (including accessories).

I wonder if I'll need to 'declare' that when I apply for the age pension in about 6 months time?

I also wonder if the pollies have to fill in a form like that Centrelink one when they apply for their pensions?

For example - our former WA Premier Mark McGowan who now gets a $300,000 a year taxpayer funded pension on top of what he's getting paid for the 4 private sector jobs he currently has.

Did he have to fill in that form?

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Bobby.

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Re: Lotto Winner Loses Access To Pension
Reply #42 - Dec 30^th, 2023 at 6:32pm

Carl D wrote on Dec 30^th, 2023 at 6:26pm:

Bobby. wrote on Dec 30^th, 2023 at 6:11pm:

Thanks for the form Greggy - it's hilarious.
Stalin and Karl would be proud of those commies.
https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Quote:

37 Do you (and/or your partner) own, partly own or have a
financial interest in any motor vehicles, motor cycles or
trailers?
The current market value is the price that you
would expect to get if you sold the item. It is not the
replacement or insured value.
Include:
• all furniture (including soft furnishings such as
curtains), antiques and works of art
• electrical appliances such as televisions and fridges
• jewellery for personal use and hobby collections
(for example, stamps, coins)

My answer:
I have a 25 year old chair worth $2. Grin

I have a 6 year old toaster than I paid $14 for from Aldi that doesn’t work properly. Grin

I have a nearly 15 year old Hyundai Getz with over 150,000k on the clock and is insured for $5,246 (including accessories).

I wonder if I'll need to 'declare' that when I apply for the age pension in about 6 months time?

I also wonder if the pollies have to fill in a form like that Centrelink one when they apply for their pensions?

For example - our former WA Premier Mark McGowan who now gets a $300,000 a year taxpayer funded pension on top of what he's getting paid for the 4 private sector jobs he currently has.

Did he have to fill in that form?

You need to declare everything -
even your: knife, fork and spoon and plate you use for dinner.

Stalin said.

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Gordon

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Re: Lotto Winner Loses Access To Pension
Reply #43 - Dec 30^th, 2023 at 6:41pm

Bobby. wrote on Dec 30^th, 2023 at 6:32pm:

Carl D wrote on Dec 30^th, 2023 at 6:26pm:

Bobby. wrote on Dec 30^th, 2023 at 6:11pm:

Thanks for the form Greggy - it's hilarious.
Stalin and Karl would be proud of those commies.
https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f....

Quote:

37 Do you (and/or your partner) own, partly own or have a
financial interest in any motor vehicles, motor cycles or
trailers?
The current market value is the price that you
would expect to get if you sold the item. It is not the
replacement or insured value.
Include:
• all furniture (including soft furnishings such as
curtains), antiques and works of art
• electrical appliances such as televisions and fridges
• jewellery for personal use and hobby collections
(for example, stamps, coins)

My answer:
I have a 25 year old chair worth $2. Grin

I have a 6 year old toaster than I paid $14 for from Aldi that doesn’t work properly. Grin

I have a nearly 15 year old Hyundai Getz with over 150,000k on the clock and is insured for $5,246 (including accessories).

I wonder if I'll need to 'declare' that when I apply for the age pension in about 6 months time?

I also wonder if the pollies have to fill in a form like that Centrelink one when they apply for their pensions?

For example - our former WA Premier Mark McGowan who now gets a $300,000 a year taxpayer funded pension on top of what he's getting paid for the 4 private sector jobs he currently has.

Did he have to fill in that form?

You need to declare everything -
even your: knife, fork and spoon and plate you use for dinner.

Stalin said.

Would I have to declare my Honda?

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Bobby.

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Re: Lotto Winner Loses Access To Pension
Reply #44 - Dec 30^th, 2023 at 6:44pm

Gordon wrote on Dec 30^th, 2023 at 6:41pm:

Would I have to declare my Honda?

https://i.ibb.co/mvnB7LJ/1.jpg

Of course and the person who gave it to you would have to declare it too as a gift.

54 –
Quote:

What you gave away or sold for less than its
market value
(for example, money, car, second home, land, farm)

Stalin said.

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