Income specific to Aboriginal and Torres Strait Islander Australians
If you or your partner has income you need to let us know so you don’t get a debt. This includes if you get special types of income.
- Assets test
- Asset types
Private trusts and companies
If you’re part of a private trust or company, we need to know your share of the income and assets.
- Assets test
- Asset types
Funeral bonds and prepaid funerals
Funeral costs you pay for in advance normally don’t count in your assets test for payments from us. There are some exceptions.
- Youth Allowance for students and Australian Apprentices
- Who can get it
Allowable time for study while getting Youth Allowance
There’s an allowable time limit on how long you’ll get Youth Allowance. We base it on the minimum time it normally takes to complete your course as a full time student.
Liquid assets waiting period
The liquid assets waiting period is between one and 13 weeks.
Seasonal work preclusion period
This applies if you or your partner finished seasonal, contract or intermittent work within 6 months of submitting your claim.
Income from outside Australia
Income you get from outside Australia can count in your income test.
Real estate income
This is lease or rent money you get from a property you own. It counts in your income test.
Overdrawn bank account
You can get help to access your money if you have an overdrawn bank account.
Distance and online education
If you study by distance education, you need to do an approved course with an approved education provider.