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.
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.