Operational Blueprint document (LEX 90571): Sale of principal home 108-04070050 (effective from 6 February 2026). 1 document released in part. LEX 90571 Sections of the Act : Sections 22 and 47E(d)…

Written by Claude Haiku 4.5 from the extracted text on 16 May 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This operational blueprint (effective 6 February 2026) establishes procedures for Services Australia staff processing principal home sale claims for income support recipients including ABSTUDY, Farm Household Allowance, and Low Income Health Care Card holders. The document outlines asset test exemptions and concessional deeming arrangements for sale proceeds intended toward purchasing or renovating a new principal home. For sales from 1 January 2023 onwards, proceeds qualify for asset test exemption for up to 24 months (extendable to 36 months in some circumstances), with lower deeming rates applied to invested funds. Pre-2023 sales retain the original 12-month exemption (extendable to 24 months). The procedure clarifies settlement date determination, treatment of funds held as investments, and conditions for exemptions, including restrictions on renovations after moving into the new home and requirements for customers to commit to using proceeds within the exemption period. Remaining proceeds not designated for the new home face standard asset testing and deeming rules.