{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_taper.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "assets_test_taper",
    "former_ids": [],
    "label": "Assets test taper rate",
    "category": "age_pension",
    "category_label": "Age Pension",
    "concept": "age_pension.assets_test.taper",
    "kind": "taper",
    "dimensions": {},
    "value": 3,
    "display_value": "$3 a fortnight per $1,000",
    "unit": {
      "code": "AUD_per_fortnight_per_1000",
      "plain": "Australian dollars per fortnight, per $1,000",
      "quantity": "ratio",
      "currency": "AUD",
      "per": "fortnight",
      "per_amount": 1000,
      "ratio_divisor": 1000
    },
    "ratio": 0.003,
    "effective_from": "2017-01-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2017-01-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "legislated",
    "review_dates": [],
    "source": {
      "title": "Assets test for Disability Support Pension",
      "publisher": "Services Australia",
      "url": "https://www.servicesaustralia.gov.au/assets-test-for-disability-support-pension",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "For each $1,000 of assets above the full pension limit, pension reduces by $3 a fortnight for a single person, or $1.50 a fortnight for each member of a couple. Services Australia states the taper on its Disability Support Pension assets test page; its Age Pension assets test page does not state it. One rate calculator sets both pensions (Social Security Act 1991, s 1064, Module G). The effective date comes from Schedule 3 of the Social Services Legislation Amendment (Fair and Sustainable Pensions) Act 2015.",
    "conditions": [],
    "exceptions": [],
    "caveats": [
      {
        "type": "source_scope",
        "text": "Services Australia states the taper on its Disability Support Pension assets test page; its Age Pension assets test page does not state it."
      }
    ],
    "legal_basis": [
      {
        "instrument": "Social Security Act 1991",
        "provision": "s 1064, Module G",
        "role": "sets_value"
      },
      {
        "instrument": "Social Services Legislation Amendment (Fair and Sustainable Pensions) Act 2015",
        "provision": "Schedule 3",
        "role": "effective_date"
      }
    ],
    "derivation": null,
    "related": {
      "same_concept": [],
      "inputs": [],
      "used_by": [
        "assets_test_cutoff_single_homeowner",
        "assets_test_cutoff_couple_combined_homeowner",
        "assets_test_cutoff_single_non_homeowner",
        "assets_test_cutoff_couple_combined_non_homeowner"
      ]
    },
    "upcoming": [],
    "first_published": {
      "release": 1,
      "recorded_at": "2026-10-11T05:56:59Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Assets test taper rate: $3 a fortnight per $1,000, applies from 1 January 2017. Official source: Services Australia, Assets test for Disability Support Pension (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/age-pension/assets-test-taper/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/assets_test_taper.json",
      "page": "https://retirementwealth.com.au/rules/age-pension/assets-test-taper/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/assets_test_taper/2017-01-01.json"
    },
    "timeline": [
      {
        "value": 3,
        "display_value": "$3 a fortnight per $1,000",
        "ratio": 0.003,
        "effective_from": "2017-01-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Assets test for Disability Support Pension",
          "publisher": "Services Australia",
          "url": "https://www.servicesaustralia.gov.au/assets-test-for-disability-support-pension",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_taper/2017-01-01.json"
      }
    ]
  }
}