Update your other assets details using your Centrelink online account

Instructions to tell us about changes to your other assets such as personal effects, boats, caravans, life insurance, livestock and motor vehicles.

It’s important that you tell us when your circumstances change so we can correctly assess your eligibility for payments and services. This includes changes to your and your partner’s assets. Read more about the changes to your circumstances you need to tell us about.

When updating your income and assets details select Update Other Assets to edit, add or remove other assets details. Other assets include the market value of you and your partner’s:

  • motor vehicles
  • boats and caravans
  • licenses, for example fishing or taxi
  • surrender value of life insurance policies
  • collections for trading, investment or hobby purpose, and
  • household contents and personal effects

Read more about Assets and how they may affect your payment.

Step 1: view your other asset details and choose an action

Select Update Other Assets as part of your updates to income and assets details to view a list of your other assets details.

Tell us about changes to your other assets details by selecting:

  • Edit pencil icon to update existing asset details
  • Remove bin icon to remove asset details
  • Add other asset to add new asset details

update other assets

Step 2: update your other assets details

Edit existing asset details


Select the edit pencil action to edit the details of an existing asset.

Update the asset value and select Done to finalise.

done

The updated asset details will appear in your other assets list.

household

Remove existing asset details

Select the Remove bin action to remove existing assets details.

The removed asset details will be greyed out in your other assets list.

Select Undo if you’ve removed the wrong details.

undo

Add new other assets details

Select Add other asset and enter the details of your new asset item.

Provide the details of your new asset item, including the asset type, net value and your share of the asset.

Select Done to finalise.  

done

Your new asset details will appear in your other assets list.

new asset

Select Next when your other asset details are correct and up to date. 

other assets

 
Step 3: review and submit

Review the changes made to your other assets and read the declaration.

If you agree with the information in the declaration, check accept this declaration.

Select Submit to confirm your updated other assets details and submit your declaration.

review and submit

We will provide you a receipt number when your update has been submitted.

We will also tell you if evidence is required to confirm your updates. You will have 14 days to provide evidence to us. 

Read our step by step guide and submit evidence or supporting documents using your Centrelink online account.

receipt

If you are making changes to other categories as part of your income and assets updates, you’ll be asked to update these next.

Read our step by step instructions on how to update your:

Step 4: sign out

Select Return to my profile to get back to your profile information.

return

Select Home to return to your online account homepage

homes

Select myGov to return to your myGov account.

mygov

For your privacy and security, ensure you sign out of your myGov account when you have finished using it.

If you have not logged in through myGov, select log out. log out
View other online guides and video demonstrations about using your online account.

Page last updated: 15 November 2016