Will the Pensioner Concession Card (PCC) be available to people who had their Age Pension cancelled after the reduction in the asset test threshold in January?

Yes, that’s correct. Over 93,000 people who had their PCC cancelled on 1 January 2017 were scheduled to have their PCC reinstated in October this year. The PCC gives non-pensioners access to:

  • discounts on:
    • car registration
    • public transport
    • rates
    • energy bills
  • bulk billing by medical practitioners
  • hearing services from the Department of Health

The PCC is not subject to an income or asset test, but the same residency restrictions apply, namely your PCC will be cancelled if you leave Australia to live in another country or if you are out of Australia for more than 6 weeks at a time. If you are out of the country for more than 6 weeks, you will have to apply to have your PCC re-issued when you return and you may have to update your details with your energy supplier, telephone company, council and other concession providers to have your pensioner discounts re-instated.

Find out specific concession information for your state or territory

Unfortunately, if you lost the PCC due to changes in your assessable assets or income, you are not entitled to the re-instatement and will need to re-qualify under the current income and assets tests.

The information contained in these responses are not legal, taxation or accounting advice. It is intended to provide general information only. It has been prepared without taking into account your objectives, financial situation or personal needs. Prior to making any investment decisions, you should speak with a financial adviser to consider whether this information is appropriate for your needs, objectives and circumstances. You should also obtain a copy of the relevant product disclosure statement (PDS) prior to making a decision regarding any investment in any financial product. Whilst care has been taken in the preparation of this information, the accuracy or completeness of the information is not guaranteed. This response was prepared and issued by UniSuper Management Pty Ltd ABN 91 006 961 799, AFSL No: 235907, which is also the administrator of, and wholly owned by, the UniSuper Superannuation fund (ABN 91 385 943 850). UniSuper Limited (ABN 54 006 027 121, AFSL 492806) is the trustee of the fund. UniSuper Advice is operated by UniSuper Management Pty Ltd, which is licensed to provide financial product advice to members.

Answered by Cameron Seidel

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Cameron Seidel has over 18 years' experience working in the financial services industry.

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