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Personal Assets Test for allowances, Austudy and independent Youth Allowance or ABSTUDY customers 108-01020030

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This document outlines the Personal Assets Test for JobSeeker Payment (JSP), Austudy and independent Youth Allowance (YA) or ABSTUDY. The value of a customer's assets must be below the allowance Assets Test limits. Once a customer's assets are over the Assets Test limit, they do not qualify for payment.

Assets Test

Assets Test for allowances, Austudy and independent YA or ABSTUDY

Step

Action

1

Customer advises of new or existing assets or a change to their assets + Read more ...

Is there enough information to update now?

2

Issue appropriate forms + Read more ...

Issue the appropriate forms according to the assets stated using the correct workflow in Process Direct or Customer First, see Requesting information (CLK)

The forms are:

\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-phone.pngProcedure ends here.

\\INTERNAL.DEPT.LOCAL\Shared\NAT\SERDELEXCEL\WORKPRODIMP\Operation Blueprint Migration\RDT Release Icons\32w\icon-face-to-face.pngWhen the forms have been lodged, sight or copy appropriate documents to ascertain the asset value/s. Go to Step 3.

3

YA dependent customers + Read more ...

Dependent YA customers are exempt from the application of the Assets Test as they are assessed under the Parental Means Test.

Is the dependent YA customer exempt from the Assets Test?

  • Yes,
    • The system will recognise that the customer is a dependent YA customer and will automatically exempt them from the Assets Test
    • Procedure ends here
  • No, go to Step 4

4

Update record + Read more ...

Update the record according to changes to assets.

Procedure ends here.