You need to have your income assessed if your assets are equal to or below a certain threshold. This happens after your assets have been assessed. The asset threshold is the amount that decides if you need an income assessment.
You can find more information about this in the legislation from 1964. This is where the rules about asset thresholds and income assessments come from. It helps decide who needs an income assessment and who does not.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS41597.
An income assessment is required if an assets assessment has determined that a person’s assets are equal to or below the applicable asset threshold.
