[2016] NZSSAA 019 (11 March 2016) [pdf, 37 KB]
...property in the trust. [18] The issue is how should the appellant’s income be assessed. In assessing income for the purposes of the Social Security Act 1964, the offsetting of losses from one stream of income from profits made in another is not permitted. The matter was considered by the High Court in Carswell v Director-General of Social Welfare:3 The offsetting of losses which could give rise to subsidisation, is not compatible with the scheme of the Social Security Act or the defi...