Clause Code : RA2B

Asset limit for house where client is 60 years or over and has not lived in the house for more than 5 years (means test) - level 4

Clause type: Refusal

Solicitor clause wording

- Your client has more than $146,000 equity in the house they live in and have not lived in their house for more than 5 years and/or they do not receive an income tested allowance or benefit and/or they did not purchase the home they live in due to disability or illness.

Client clause wording

• You have more than $146,000 equity in the house you live in and have not lived in your house for more than 5 years and/or you do not receive an income tested allowance or benefit and/or you did not purchase the home you live in due to disability or illness.

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