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Asset types

Assets are property or items you or your partner own in full or part, or have an interest in. They can affect your payment.

Deeming

Deeming rules are used to work out income from your financial assets. We add this to your other income and apply the income test to determine your payment rate.

  1. Looking for work
  2. Most useful information

Profit and Loss Statement form (SU580)

Use this form if you are a sole trader, subcontractor or a partner in a partnership that has started new employment or a new business.

  1. Help for myGov, online accounts and mobile apps
  2. Centrelink online account help guides

Centrelink online account help - Update your study details

Instructions on how to update your study details for Youth Allowance, Austudy, ABSTUDY, Tertiary Access Payment and Pensioner Education Supplement using your Centrelink online account.

Advance payment

You may get part of your income support payment or Family Tax Benefit (Part A) early. This is an advance payment. You pay it back later out of your payments from us.

How to prove your identity with Centrelink

You need to prove your identity before you claim a payment or service.

  1. ABSTUDY
  2. High school, university or other higher education students

ABSTUDY for part time higher education

There’s ABSTUDY support for Aboriginal and Torres Strait Islander students doing an approved course part time.

What adjusted taxable income is

We use your adjusted taxable income to work out your eligibility for some payments, concessions or services.

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Dec 2025

Public holiday closures over the Christmas and New Year period

Your Centrelink payment and reporting dates may change due to the upcoming public holidays.

Weekly payment option

Some people can get income support payments paid each week instead of each fortnight.

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Page last updated: 17 November 2025.
QC 60170