Action needed for Jobseekers and Students

If your clients and their loved ones need to apply for Jobseeker, Austudy or Youth allowance, from the 25th September, the liquid asset test will affect your waiting period.

Centrelink treat liquid assets differently to assets. The value of the assets you own may affect if you can get a payment or not. Liquid assets, which could be money in your bank account, can affect how soon you can get a payment, up to 13 weeks.

Children may also need to report their parents income in the next few months to continue to receive their Youth Allowance and ABSTUDY.

AdviceLink looks to walk you and your clients through the claims and review process as the rules change. Talk to us today.