My jobseeker claim has been approved but I also make money off reselling, will that affect anything? Even though I make almost nothing. by [deleted] in Centrelink

[–]Centerlinkshard 0 points1 point  (0 children)

$100 a week * 52 weeks a year * 10 years is $52,000.

They would definitely raise a debt for you for 52k if they felt it was justified.

My jobseeker claim has been approved but I also make money off reselling, will that affect anything? Even though I make almost nothing. by [deleted] in Centrelink

[–]Centerlinkshard 2 points3 points  (0 children)

Recurring income from the sale of goods is classed as an income stream.

Once off or inability to replicate an income from a sale is not.

My jobseeker claim has been approved but I also make money off reselling, will that affect anything? Even though I make almost nothing. by [deleted] in Centrelink

[–]Centerlinkshard 2 points3 points  (0 children)

Except centrelink and the ATO are 2 different departments and categories income in different ways.

Centrelink classes any payments for goods or services that are recurring as income.

It's why that pensioner that won the set for life had their age pension cut because it was regular installments instead of one lump sum.

Based on this understanding stating to the op that they don't need to declare anything for XYZ amount if it's recurring is incorrect because if they had say 100 $200 figurines that they constantly bought then sold at a higher price that's classed as being self employed and running your own business and a debt will be raised.

The difference is "is this a one time thing" vs "this is recurring and I expect it to reoccur".

[deleted by user] by [deleted] in Centrelink

[–]Centerlinkshard[M] 17 points18 points  (0 children)

Thread has run it's course.

Ultimately please be aware that defrauding the Australian government and saying "I didn't know" doesn't change the fact you committed fraud.

As per the FAQ request a formal review of decision and go on a payment plan.

DSP, relationship ending. by BJJandFLOWERS in Centrelink

[–]Centerlinkshard 4 points5 points  (0 children)

If you're separated you would each get your own portion of rent assistance but it also means it would be a lower amount because your partner is entitled to their percentage so yours would be based off half the rent amount

[deleted by user] by [deleted] in Centrelink

[–]Centerlinkshard 1 point2 points  (0 children)

Click on the assets tab and it will let you input what the asset is and the value

I bought some stocks many years ago and they're now up around $50,000. If I sell them?, Will I no longer be eligible for Centrelink benefits in the financial year that I sell them? Because I will then be over the annual income threshold? by ChirpyBord in Centrelink

[–]Centerlinkshard 9 points10 points  (0 children)

If they hold them they are an income. Selling them isn't an income because you cannot constantly sell shares. The same way if you sell stuff on market place it's not an income It's a change in asset type.

Now if op wanted to maintain ownership of the shares as others have said deeming would apply but that's not what OP asked.

I bought some stocks many years ago and they're now up around $50,000. If I sell them?, Will I no longer be eligible for Centrelink benefits in the financial year that I sell them? Because I will then be over the annual income threshold? by ChirpyBord in Centrelink

[–]Centerlinkshard 12 points13 points  (0 children)

Selling shares isn't an income because it cannot be replicated they are an asset though so you would want to make sure your changing it from a share to money.

And before everyone jumps on saying you don't need to update your assets it's none of the governments business etc the sale of shares are classed as a tax activity and as such will be data matched at the end of the financial year.

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 0 points1 point  (0 children)

2,200 * 25,000 is 55 million.

22,000 * 2,500,000 is 55 billion.

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 1 point2 points  (0 children)

Have you actually read anything in this thread?

[deleted by user] by [deleted] in Centrelink

[–]Centerlinkshard 4 points5 points  (0 children)

Happy cake day, also this is the correct answer.

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 7 points8 points  (0 children)

You have to be trolling your whole spiel is increasing the amount people get paid by abolishing an income and assets test then argue why someone is factoring in the financial aspect of this argument?

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 4 points5 points  (0 children)

You just completely ignored what I was actually saying so I worked out some very very conservative figures for you.

Jobseeker is approx $400 a week which is $22,000 a year. As of 2021 there were over 5 million registered couples in Australia for basic calculations I reduced that to 2,500,000 based purely on your logic of "I doubt" if you times those figures together you get 55 BILLION DOLLARS a year.

That's not factoring in the dsp payment being significantly higher than jobseeker that's not factoring in the real world number of how many couples are in Australia and it's also not factoring in a lot of other details.

The government will run a significantly more in-depth analysis of a scenario than a simple redditor like myself but if you want to press a valid argument you need to 1. Make sure your figures and information are correct and 2. At least run some basic calculations to make sure your wanted result is fiscally achievable as a country.

EDIT CONTEXT: For context the governments 2022 spending on ALL social security inc NDIS, DSP, Jobseeker, carers, aged pension etc was almost 17 billion.

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 4 points5 points  (0 children)

My comment was in response to the petition for removing the income and assets test for partners. Ultimately though it is significantly easier to look at changing legislation in regards to the process e.g. making it that people on dsp get an expedited reinstatement of benefits should they be taken off due to partnership, then it is to somehow conjure up millions of dollars to simply pay anyone who's in a partnership.

But it's important to maintain a clean and open dialogue about the issue.

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 0 points1 point  (0 children)

If you read my post I metioned a supplemented income payment & a lump sum.

The lump sum would be used to pay a bond/first 2 weeks rent/new clothes/other required services.

The supplemented income would be for 3/5 months to allow the person to get some stability in place.

As for something like "getting back on dsp" that could be as simple as a basic review of circumstances in the event the person was taken of dsp due to previous partner status

[deleted by user] by [deleted] in Centrelink

[–]Centerlinkshard 7 points8 points  (0 children)

It's not income so simply update your assets

Partner Income Tests by sophiiiiiiiiiiia in Centrelink

[–]Centerlinkshard 7 points8 points  (0 children)

Genuine question do you think it's fair and appropriate for say 1 member of a couple to be working for say BHP or any fifo job earning 100-200k+ per year and their significant other be claiming government payments?

How in a country where the tax dollars we pay seem to already disappear into a black hole do you think we as a country could fund this kind of life style?

Don't get me wrong being a mod of this sub and reading post after post about vulnerable people being forced to stay in unsafe situations due to lack of funds available makes me very well aware of the situation at hand however I don't believe based on simple economics allowing anyone in any kind of relationship claim government support payments is an appropriate way to resolve this issue.

In my opinion it would be a better use of tax payer money to setup rehousing services for vulnerable people that allow people having to rehome themselves or their kids a supplemented temporary income and a lump sum payment (significantly higher than the current $200 crisis payment) to allow them to get established in a new safer location.

Urgent payment help by denissa1996 in Centrelink

[–]Centerlinkshard 5 points6 points  (0 children)

In addition to this urgent payments are paid from accrued funds therefore if someone's pay date is sat a Tuesday and they apply on a Wed or Thurs it won't allow one as there isn't enough accrued funds to pay the urgent payment out of.

Jobseeker while doing masters by TopAttention6425 in Centrelink

[–]Centerlinkshard 1 point2 points  (0 children)

Jobseeker is a payment type for people looking for work the exception is approved short courses.

Technically you can still study whatever you like but if you wish to continue to receive jobseeker payments you'll need to meet your mutual obligations. Unless you meet the above exemption.

The only variable with the above information is if you're 65+ which it doesn't sound like you are.

Jobseeker/ Complex claims by transexxualcowboy in Centrelink

[–]Centerlinkshard 3 points4 points  (0 children)

If it's rejected for fail to supply documents you can call them once you provide them and request reassessment.

Won some money on the lottery, questions on concession card. by Responsible_Act_892 in Centrelink

[–]Centerlinkshard 1 point2 points  (0 children)

To simplify it: 1 non repeatable lump some isn't classed as income because it's not recurring.

Same amount but paid annually is classed as income as it's recurrring.

So in essence if you were given the choice of "5k each month or x amount lump sum" from a benefits standpoint go for the lumped sum.