Austudy

# Liquid assets waiting period

The liquid assets waiting period is between 1 and 13 weeks.

It applies if you have funds equal to or more than:

• \$5,500 if you’re single with no dependants, or
• \$11,000 if have a partner or you’re single with dependants

Liquid assets are any funds readily available to you or your partner. This includes money your employer owes you.

The liquid assets waiting period may apply to you if you're making a new claim for:

We determine your liquid assets waiting period based on your personal situation and the amount of funds you have. Refer to the table below to find out the number of weeks you need to wait based on your liquid assets.

Number of weeks you’ll need to wait under the Liquid Assets Waiting Period If you have a partner or you’re single – with dependants and your liquid assets are If you’re single with no dependants and your liquid assets are

NIL

\$0 to \$10,999

\$0 to \$5,499

1

\$11,000 to \$11,999

\$5,500 to \$5,999

2

\$12,000 to \$12,999

\$6,000 to \$6,499

3

\$13,000 to \$13,999

\$6,500 to \$6,999

4

\$14,000 to \$14,999

\$7,000 to \$7,499

5

\$15,000 to \$15,999

\$7,500 to \$7,999

6

\$16,000 to \$16,999

\$8,000 to \$8,499

7

\$17,000 to \$17,999

\$8,500 to \$8,999

8

\$18,000 to \$18,999

\$9,000 to \$9,499

9

\$19,000 to \$19,999

\$9,500 to \$9,999

10

\$20,000 to \$20,999

\$10,000 to \$10,499

11

\$21,000 to \$21,999

\$10,500 to \$10,999

12

\$22,000 to \$22,999

\$11,000 to \$11,499

13

\$23,000 or more

\$11,500 or more

We’ll tell you how long you have to wait when you submit your claim.

## Exemptions or waivers

We may waive the liquid assets waiting period if you’re experiencing severe financial hardship because of unavoidable or reasonable expenses.

You may be exempt if you:

• or your partner have been subject to a liquid assets waiting period that started within the last 12 months
• transfer from one payment to another within a 14 day period
• have self-served this waiting period before claiming
• qualified for Newstart Allowance after getting another payment
• are in a rehabilitation program with a Disability Management Service Provider
• are doing a Stream C activity with your employment services provider
• are doing an activity equivalent to a rehabilitation program or Stream C as part of the Community Development Program

Page last updated: 9 January 2019