Eligibility Income Limits
| Household Size | Weekly (Annual) Income Limit |
|---|---|
| 1 person | $914.05 $47,530 per year |
| 2 people | $1,424.22 $74,059 per year |
| 3 people | $1,594.28 $82,902 per year |
| 4 people | $1,700.56 $88,429 per year |
Income limits are updated annually.
How Income is Calculated
Income is calculated by household from the following sources:
Included in calculation
- Gross employment income
- Government pensions and associated supplements
- Superannuation pensions
- Government benefits and allowances — including Austudy, Abstudy, Carer payment, Family Tax Benefit Part A and B, JobSeeker, and Parenting payment
- Income from investments (e.g. bank interest, equities)
- Other income — net business income, trust income, foreign pensions, and child support payments
Excluded from calculation
- Specific purpose payments — e.g. NDIS, disability compensation payments, inheritance, and lump sum compensation payments
- Superannuation earnings, until the person reaches pension age or starts receiving a pension or annuity from that fund
- Commonwealth Rent Assistance — excluded from income calculation, however it is used in the rent calculation
Eligibility Asset Limits
1 Adult Household
$115,900
2 or More Adults
$147,900
Assets include
- Cash lodged with a financial institution
- Real estate such as vacant land
- Shares, bonds and investments
- Superannuation payouts where the person has reached preservation age and meets a condition of release
- Household and personal effects
- Cars, boats and motorhomes
- Any debts currently owed to you
- Overseas assets converted to Australian dollars