Our definition forcash assets.
Cash assets that belong to you or your partner (if you have one) can be easily converted into cash. They may include money in the bank, savings, shares, stocks, bonds and loans to others.
Cash assets don’t include things you need for day to day living, e.g. your home or your car, or any other vehicle with a market value of less than $2,000, such as a caravan or boat. They also don’t include some payments after a severe weather event.
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