23 March 2010
Centrelink Assistance for PFMF investors
There may be some relief for a number of PFMF unitholders suffering from financial hardship that are currently receiving a pension or allowance from Centrelink. For PFMF investors who are in financial hardship and are paid under the assets test, Centrelink may be able to assist through the assets hardship provisions of the Social Security legislation.
If eligible, Centrelink will remove all or part of your PFMF capital investment from assessment, and then recalculate your entitlement to a pension or allowance. In most cases this will result in a higher rate of payment.
Please read the full Pacific First Mortgage Fund Investments Assistance from Centrelink here.
Information regarding eligibility to the asset hardship provisions can be found at
http://www.centrelink.gov.au/internet/internet.nsf/publications/fis013.htm
Please note that if you need assistance on this matter, you must contact Centrelink rather than BalmainTRILOGY.