The test was waived for JobSeeker, Youth Allowance, the Parenting Payment, Austudy and Abstudy but will resume on Thursday. In one example of the assets test, single people who do not own their own homes lose income support if they have $482,500 in assets.
The October 6 federal budget won’t include a decision on the JobSeeker rate beyond 2020. Senator Ruston said the government would consider how economic conditions improved towards the end of the year as Victoria came out of lockdown before deciding whether to continue the supplement.
“We’ll continue to monitor over the coming weeks and months the economic conditions that exist, particularly in the job market, and we’ll be making further announcements about any further temporary measures … [when] that information is available to us,” she said.
Australian Bureau of Statistics data last week suggested a turnaround in the jobs market, with the unemployment rate dropping