What this instrument does
The Social Security (Pension Loans Scheme - Market Value) Amendment (Renaming Scheme) Determination 2026 amends the rules governing how market value is assessed under the Pension Loans Scheme. The change is described as an administrative renaming of the scheme.
The Pension Loans Scheme
The Pension Loans Scheme is a government program that allows eligible older Australians to access equity in their home as a fortnightly loan supplement.
Dates
The instrument was registered on 28 May 2026 and is in force from 28 May 2026 to 7 September 2026.
What the source does not specify
The source does not state what the scheme has been renamed to, or what practical changes result from the renaming beyond the title update.
Key actions
- The full legislative instrument and explanatory statement are available at legislation.gov.au/F2026L00638 for those involved in administering or advising on the Pension Loans Scheme, to confirm any operational name changes required in documents or advice.
- Bookkeepers and financial advisers who reference the Pension Loans Scheme in client materials can check the instrument to determine whether updated terminology is required before 7 September 2026, when this instrument ceases to be in force.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.