How Special Disability Trusts work.
In this section
If you have a Special Disability Trust you may get a gifting concession and assets test assessment exemption.
A Special Disability Trust must have only one principal beneficiary (the person for whom the trust is established) who meets the eligibility criteria.
The principal beneficiary
To be eligible to be a principal beneficiary of a Special Disability Trust, the person with a disability must meet the definition of severe disability.
Eligibility for the gifting concession
Immediate family members of the Special Disability Trust principal beneficiary who are of age or of service pension age and get a pension are eligible for the gifting concession.
Contributions or gifts of assets to any value can be made to a Special Disability Trust at any time by almost anyone.
Using Special Disability Trust funds
The funds of a Special Disability Trust are intended to meet the reasonable care and accommodation needs of the principal beneficiary.