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Residential Care and Disability Support Services Act 2018

Means assessment - First stage: assets assessment

35: Content of assets assessment

You could also call this:

"What you own and its value for your assets assessment"

Illustration for Residential Care and Disability Support Services Act 2018

When you get an assets assessment, it looks at the value of things you own that are not exempt. This happens on the date of your means assessment. The assessment decides if the value of these things is higher than, the same as, or lower than a certain threshold. You can find more information about this by looking at the law from 1986. The assessment is an important step in figuring out your situation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS41595.

Topics:
Health and wellbeing > Healthcare servicesMoney and consumer rights > Savings and retirement
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34: Assets assessment, or

"Checking what you own to work out how much you have for care and support"

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36: When income assessment required, or

"When you need to have your income checked because you don't have many assets."

Part 6Means assessment
First stage: assets assessment

35Content of assets assessment

  1. An assets assessment must assess the value of the non-exempt assets of a person as at the date of means assessment and must determine whether those assets are above, equal to, or below the applicable asset threshold.

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