Are you making a claim for JobSeeker Payment, Austudy or Youth Allowance?

16 September 2020

From 25 September, we’ll once again apply the Liquid Assets Waiting Period to new claims. This means you may need to wait to get your payment.

How long you’ll have to wait depends on how much money you have ready access to. We call this money your liquid assets.

Earlier this year, we waived the Liquid Assets Waiting Period for new claims due to coronavirus (COVID-19). This temporary waiver finishes on 24 September 2020.

This means from 25 September, it applies when you claim 1 of the following payments:

The Liquid Assets Waiting Period can be between 1 and 13 weeks. It applies if you have more than $5,500 and are single, or $11,000 if you’re partnered or have dependents.

We may still waive the Liquid Assets Waiting Period if you’re experiencing severe financial hardship. You need to be able to show us that the financial hardship is because of unavoidable or reasonable expenses. There are also other reasons why you may be exempt from this waiting period.

If you’re already getting one of these payments, this won’t affect you.

Liquid assets vs assets

We 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.

Next steps

You can also read news for jobseekers and students and trainees. Don’t forget you can subscribe to get these regular updates sent directly to your mailbox.

Page last updated: 16 September 2020