Summary
Amends the
Social Security Act 1991
and
Veterans' Entitlements Act 1986
to: extend from 12 to 24 months the assets test exemption on principal home sale proceeds intended for the purchase of a new principal home, for pensioners and other eligible support recipients; and assess the deemed income on proceeds from the sale of the principal home at the below threshold deeming rate during the period of exemption from the assets test.