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Age pensioner George is currently receiving a part-pension due to the asset test assessment. He needs to spend $20,000 (of his available cash) on some

Age pensioner George is currently receiving a part-pension due to the asset test assessment. He needs to spend $20,000 (of his available cash) on some maintenance to his primary residence. Explain any effect this will have on George's Age Pension benefits. (4 marks)

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