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Hello and thank you for your question.
The issue for pensioners and centrelink is that your pension is subject to an asset test, and you cannot defeat the asset test by gifting away your assets. This means that where a pensioner gives away assessible assets, whether cash or real estate, centrelink will treat such gifted assets as still being held by the pensioner for the purposes of the asset test, and in some case this can therefore cause the pension to be adversely affected if the gift amount changes the outcome of the asset assessment.
To find out exactly how much your pension may be affected you will need to discuss your pension with Centrelink (now called the Department of Human Services) directly:
The following link and contact details should assist.
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