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On 1 June 2020, we’ll revalue our customers’ financial assets

blacksonrise by blacksonrise
May 29, 2020
in Aboriginal Australia News
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On 1 June 2020, we’ll revalue our customers’ financial assets
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We include the value of your financial investments in our assets test. We include the deemed income from these financial investments in our income test. Usually, the value of your investment changes as markets go up and down.

We revalue market linked investments, shares and securities each March and September. However, we’ll also be revaluing shares and managed investments held by all our customers on 1 June 2020. This is because coronavirus has caused the financial markets, in general, to go down.

You don’t need to do anything, we’ll revalue your market linked investments automatically. After we revalue, we may change your payment rate.

You can check your Centrelink online account to see any change to your payment rate.

You can also ask us to revalue your investments at any time.

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