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What products are included in deeming calculations?
For the purposes of calculating the total of your investments for deeming purposes, the following investments are included:
- bank, credit union and building society accounts;
- term deposits;
- any cash held;
- managed investments (unit trusts, managed funds etc);
- Friendly Society bonds;
- equities (listed on the share market);
- shares in companies not listed on the share market;
- securities;
- any loans owing to you;
- debentures;
- gold and other precious metals; and
- superannuation investments held by a person who has reached Age Pension age (including superannuation funds, Retirement Savings Account, Approved Deposit Funds, Deferred Annuities).
Products not included in calculation of your total investments for deeming purposes include:
- your home and its contents;
- any cars, boats and caravans you own;
- collectables including stamps, coins or antiques;
- traditional life insurance policies;
- holiday homes, farms or other types of real estate;
- superannuation investments held by a person who has not reached Age Pension age; and
- immediate annuities and superannuation pensions.
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