Income and assets
Personal income test
As an Austudy customer you can earn up to $236 per fortnight before tax before your payment is affected.
Income between $236 and $316 reduces your fortnightly payment by 50 cents in the dollar.
Income above $316 reduces your payment by 60 cents in the dollar.
Income bank
If you are a full-time student on Austudy, you can accumulate up to $6,000 of any unused portion of your fortnightly income free area. The accumulated income bank credits can be used to offset any income earned that exceeds your fortnightly income free area.
If you are an Australian Apprentice on Austudy, you can accumulate up to $1,000 of any unused portion of your fortnightly income free area.
Assets test
As an applicant for Austudy you will be assessed against an assets test:
Payment may be deferred if your liquid assets exceed:
- $5,500 if you are single, or
- $11,000 if you are a couple, or single with dependants.
Hardship provisions may apply to the personal assets test.
More information
- Assets
- Hardship information factsheet
- Income
- Austudy section