If your assets later diminish, and you reclaim a part-age pension, your allocated pensions would be classified as “post-2015” and subject to deeming.
And, yes, renovations that keep your house in good nick, and a long holiday, are both wise and reduce the assets test count. Services Australia points out that as long as you are not in the business of share trading – and I would be surprised if you are – you only need to notify Centrelink if there is a change in the value of financial assets listed on its records of $2000 or more.
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