What an Income Bank is
Your Income Bank allows you to earn credits where your income is less than $509 a fortnight.
How your variable income may impact your Centrelink payment
If your work hours or income change, we can support you. You may be self-employed, working casual hours, doing contract or seasonal work, or sick or injured.
Income streams
These are regular payments made from your superannuation fund or purchased using either superannuation money or savings.
Employment income
This is pay you get for work you've done for an employer.
Someone to act for you with Medicare, Centrelink, aged care or Child Support
You can ask someone to act for you with Medicare, Centrelink, aged care or Child Support. You can authorise them to speak to us, update your details and get payments for you.
Demerits and penalties for not meeting mutual obligation or participation requirements
Job seekers could get demerits and financial penalties for not meeting mutual obligation.
Waiting periods for Parenting Payment
You may have to wait before your Parenting Payment starts.
Centrelink online account help - Update your banking details
Instructions on how to update your banking details, including cash, cheques, loans, savings, deeming accounts and term deposit accounts.
Exemptions to the newly arrived resident's waiting period
After you arrive in Australia, there can be a waiting period to get some of our payments and concessions. Find out if you may not have to wait this period.
When gifting exceptions apply
We have some exceptions to how we assess gifting.