Overview
The federal government registered a new instrument - Social Security (Deeming Threshold Rates) Determination (No. 2) 2026 (reference F2026L01083) - on 21 August 2026.
What deeming rules do
Deeming rules are used by Centrelink to calculate the assumed income from financial investments - such as bank accounts and shares - when assessing eligibility for social security payments.
What this determination covers
This determination sets deeming threshold amounts and rates for social security purposes. The specific threshold amounts and rates, and the commencement date, are not available in the source summary. The source does not specify whether this instrument changes existing rates or by how much.
Where to find the full text
The full text of this determination is available at www.legislation.gov.au/F2026L01083. The determination can be checked there for the new deeming threshold amounts and rates that apply.
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This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.