Part 2
Assistance
Accommodation supplement
68Accommodation supplement: special rules for joint tenants who are in relationship
If premises are occupied by 2 or more joint tenants that include 1 or more couples who are in a relationship, then, for the purposes of determining the rate of an accommodation supplement,—
- each couple is treated as 1 joint tenant; and
- despite the definition of accommodation costs in section 65, the accommodation costs of that 1 joint tenant are the total of the accommodation costs of both members of the couple; and
- the cash assets and income of that 1 joint tenant are the total of the cash assets and income respectively of both members of the couple.
In this section, cash assets—
- means—
- money saved with a bank or other institution, money invested with a bank or other institution, or money banked with a bank or other institution:
- money invested in securities, bonds, or debentures, or advanced on mortgage:
- money withdrawn from a KiwiSaver scheme registered under subpart 2 of Part 4 of the Financial Markets Conduct Act 2013:
- money invested in shares in a partnership or limited liability company or other incorporated or unincorporated body; but
- money saved with a bank or other institution, money invested with a bank or other institution, or money banked with a bank or other institution:
- does not include any contributions to, or any member’s interest in, any KiwiSaver scheme that is registered under subpart 2 of Part 4 of the Financial Markets Conduct Act 2013; and
- does not include any item or kind of cash assets or any amount of cash assets exempted by regulations made under section 423(1)(b).