Operational Blueprint Document (lex 87983): Sale Of Principal Home 108-04070050 (effective From 25 September 2025). 1 Document Released In Part. LEX 87983 Sections Of The Act : Sections 22 And…

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This operational blueprint outlines Services Australia's procedures for assessing principal home sale proceeds under income support payments including Centrelink, ABSTUDY, and Farm Household Allowance. The document specifies asset test exemptions and deeming rules that differ based on sale date: for sales from 1 January 2023 onwards, proceeds intended for a new home are asset-exempt for up to 24 months (extendable to 36 months) and deemed at a concessional 0.25% rate when invested; for pre-2023 sales, the exemption period is shorter at 12 months (extendable to 24 months). The settlement date is defined as the sale date when title and funds exchange. The policy covers various scenarios including installment sales and investment of proceeds, with exceptions for proceeds from destroyed, demolished, or damaged homes. The document treats invested funds as exempt assets but subject to deemed income provisions