Maintain eligibility thresholds for Australian Government payments for three years

From 1 July 2014 indexation of the income free area and asset test limit will be fixed for three years for all working age allowance payments, student payments and parenting payment.

From 1 July 2015, asset test limits will stay the same for 2 years for all working age allowances, student payments and Parenting Payment single. The rest of this measure is subject to the passage of legislation. Read more information below.

Description of the measure

Indexation of student income bank limits for student payments and indexation of Child Care Benefit income thresholds will also be fixed from 1 July 2014 for the next three financial years.

Payments will be affected at different times due to different indexation dates.

Questions and answers

Who will be affected by this measure?

This will affect Parenting Payment Single, Youth Allowance (student), Austudy, ABSTUDY, Newstart Allowance, Widow Allowance, Sickness Allowance, Partner Allowance, Parenting Payment Partnered and Child Care Benefit

Am I eligible for this measure?

This will automatically impact all affected payments.

When will this measure start and finish?

The indexation under this measure will be fixed from 1 July 2014 for three years.

Page last updated: 16 March 2016

This information was printed Thursday 29 September 2016 from humanservices.gov.au/corporate/budget/budget-2014-15/budget-measures/young-people-and-students/maintain-eligibility-thresholds-australian-government-payments-three-years It may not include all of the relevant information on this topic. Please consider any relevant site notices at humanservices.gov.au/siteinformation when using this material.