The Government of Australia has created initiatives to help those who do not have jobs, thus taking care of their daily needs.
You’re probably wondering how you too can sign up for this service .
Firstly, you need to meet some requirements. These requirements entail things like whether you have enough money in your bank account to look after yourself, if you’re looking for jobs and if you have other assets to live off of. Below, we will be discussing all of this in detail so read on ahead.
What Entity Is In Charge Of Unemployment Benefits?
The Australian Government created an initiative called the Newstart Allowance to look after funding the unemployed. Unfortunately, this service provides much less funds when compared to Australia’s pension initiative. That being said, individuals who are signed up for this will receive an amount that is either 450 dollars a fortnight (single individuals) or 500 dollars a fortnight (married couples).
The amounts are set according to the government’s take on how much you need to live comfortably while on minimum wage.
Fortunately, the youth are also sponsored. If you are between the ages of 16-22, you will be given an allowance so that you can readily focus on your studies.
Now that we have the initiative covered, you may be wondering what the requirements to join are. Let’s talk about that.
The Requirements To Be A Part Of The Newstart Allowance Are
Unfortunately, if you are over the age of 22, you have quite a few requirements to meet before you can be signed up for this service. Some of these are:
Your assets – You will not be eligible if you do have enough funds in your account to take care of yourself. The state does not define how much money is enough to ‘take care of yourself’ so it’s safe to say that if you have a sufficient amount in your bank account to last the next two months, then you won’t be accepted. Moreover, they also look at your assets. If you have assets that can be liquified and used to live off of, then you will be rejected.
Your age – You must be of working age to be eligible. This is defined as over the age of 22 all the way to the age of retirement which is 60.
Your status — You must show that you are currently looking for employment. The Australian Government views Newstart as a temporary means to solve your issues, not a permanent one.
There you have it. Everything that you need to know on the subject.