The assets test exemption is ending soon for some payments

14 August 2020

The assets test exemption for some payments will end on 24 September 2020.

As part of our coronavirus (COVID-19) response, we temporarily removed the assets test for these payments:

  • JobSeeker Payment
  • Parenting Payment
  • Austudy
  • Youth Allowance

This assets test waiver will end on 24 September 2020.

You will not be eligible for payment if you update your assets and they’re over the allowable limit. This amount depends on your situation and the type of payment you get.

We’ll send you an SMS soon as a reminder to update your assets, and again in September.

It’s easy to update your details using your Centrelink online account through myGov.

If you can’t update online, you can also update your assets by calling your regular payment line.

Changes to your income and assets may affect your payments from us. Tell us about any changes within 14 days so we can pay you the right amount.

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Page last updated: 21 September 2020