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The value of all motor vehicles owned by people to whom the means test applies should be disclosed.
VLA allows a net threshold amount up $11,280. Any equity below that is disregarded under the means test.
This depends on how many vehicles there are; the number of people in the household; and who owns the vehicles.
Where there is one vehicle in the household, its value is declared underneath 'Applicant' (if it's owned by the applicant), or 'FAP' (if it's owned by the financially associated person). If the vehicle is jointly owned, half the value is apportioned to each person.
If there are up to two vehicles in a household of two or more people, and the means test applies to the vehicles' owner(s), then their value is declared against the relevant owner(s).
If there are more than two vehicles in the household, the third (or more) vehicle is not exempted under the means test. The net value of such a vehicle must be declared in the 'other assets' column if it owned by a person to whom the means test applies.
If the applicant has no financially associated person, but owns more than one vehicle, then only one vehicle's value (up to the net threshold amount) is eligible for the exempted amount. The value of the second vehicle must be included in the 'other assets' column.
'Cash' can mean:
In many instances, you will be required to provide proof of all bank accounts unless a waiver applies. Please refer to the 'Means certification' tab of the applicant's legal aid application form for further details.
The financial disclosure provisions in ATLAS mean that the most common items people own are described either specifically in the assets table (eg. home, car), or in the financial disclosure provisions of the ‘Business’ section.
However, there will be items that do not neatly fit within those categories. They are ‘Other assets’. Their value should be declared, and would include items such as:
Do not include these items in your calculations:
See in the VLA Handbook for lawyers for a complete outline of the allowable asset deductions under VLA's means test.