What the personal and partner assets tests for ABSTUDY Living Allowance and School Fees Allowance higher rate are
We use the assets test to help us work out if you can get ABSTUDY and how much you’ll get.
If you’re independent, your assets can affect your payment. There are different assets limits depending on your situation. When you claim ABSTUDY Living Allowance, you need to tell us the current market value of both your:
- partner’s assets, if you have a partner.
Read more about assets and the assets test limits.
If your assets stop you from getting a payment, you may still be able to get some help. If you’re in severe financial hardship, you may be able to apply under the Asset Hardship provisions.
Page last updated: 14 April 2021
This information was printed 20 September 2021 from https://www.servicesaustralia.gov.au/individuals/topics/what-personal-and-partner-assets-tests-abstudy-living-allowance-and-school-fees-allowance-higher/53952. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.