Income and Assets Test for Parenting Payment:
Parenting Payment is subject to the income test and assets test shown below. This income and assets test is effective from 1 July 2008.
Income Test - Sole Parents:
Income Test - Partnered Parents:
Partner does not get a pension:
- For maximum payment the customer's income must be no more than $62 per fortnight AND the partner's income must be no more than $751 per fortnight.
- Customer's income reduces rate by 50 cents for each dollar between $62 and $250, and by 60 cents for each dollar above $250 per fortnight.
- Partner's income up to $751 per fortnight has no effect. Income over this limit reduces the rate by 60 cents for each extra dollar.
- A part payment may be payable if ALL the following conditions are met:
- customer's income must be less than $750.67 per fortnight, AND
- partner's income must be less than $1408.33 per fortnight, AND
- the combined income of the couple must be less than $1501.67.
- Different limits apply if the partner receives Youth Allowance or Austudy payment.
Partner gets a pension:
- For maximum payment the couple's combined income must be no more than $124 per fortnight.
- Couple's combined income reduces rate by 25 cents for each dollar between $124 and $500, and by 30 cents for each dollar above $500 per fortnight.
- For part payment the couple's combined income must be less than $1501.34 per fortnight.
For more information about the different forms of income that are assessed by Centrelink go to Income information.
Assets Test:
For more information about which assets are assessed by Centrelink go to Assets information.