Australia $987.70 Allowance Update 2024: Financial Support for Unemployed Citizens

In Australia, financial support is available for various groups, including children, adults, seniors, retirees, and individuals with disabilities. The government provides cash assistance every fortnight to ensure that all citizens receive necessary financial aid. Recently, there has been an update specifically targeting unemployed individuals in Australia.

Overview of the New Unemployment Payment

If you are currently unemployed and actively seeking work, you may be eligible for a new payment of $987.70 per fortnight. This allowance is designed to support citizens facing financial difficulties while they search for employment. With rising inflation and increased living costs, this financial support aims to alleviate the economic strain on unemployed individuals.

Details of the $987.70 Allowance

The Australian government is introducing a new unemployment allowance of $987.70 per fortnight. This payment is intended to assist with general living expenses, such as travel costs for interviews, resume printing, and other job-seeking-related expenses. Here’s what you need to know:

• Allowance Amount: $987.70
• Payment Frequency: Fortnightly (every 15 days)
• Total Monthly Payment: $1975.40
• Issuing Authority: Service Australia
• Official Web Portal: www.servicesaustralia.gov.au

Eligibility Criteria for the Allowance

To qualify for the $987.70 allowance, applicants must meet the following criteria:

• Australian Residency: Must be an Australian resident who has lived in the country continuously for the past 10 years.
• Age Requirement: Applicants must be between 22 and 67 years old.
• Income Limit: The individual’s income must be below $2666.25.
• Asset Limit: Assets must fall within these limits:
  • Single Homeowner: $314,000
  • Single Non-Homeowner: $566,000
  • Married Homeowner: $470,000
  • Married Non-Homeowner: $722,000
  • Married but One Partner Qualifies: Same as above

Additionally, the allowance is available to those who are unemployed due to a short-term injury or illness and are actively seeking work.

How to Apply for the Allowance

Eligible citizens can apply for the $987.70 allowance through the following methods:

1. Automatic Enrollment: If you are already receiving Jobseeker Payment, you will automatically qualify for this allowance.
2. Online Application:
   • Log into your myGov account.
   • Link your myGov account to Centrelink.
   • Select the “Make a Claim” option and choose “Job Seekers.”
   • Complete the application process.
3. Phone Enrollment: Contact Centrelink Employment Services Line for assistance with enrollment.

First-time applicants will receive their payment within two weeks of their application being approved.

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This $987.70 allowance will be provided only to certain Jobseeker claimants. Specifically, it will not be available to all claimants. To qualify, you must be exempt from mutual obligations, single, and the primary carer for a child. The allowance is approved by Service Australia and payments will be processed two weeks after application approval.

For more details on how to apply or check your eligibility, visit the Service Australia website.

By staying informed and following the application process, you can ensure that you receive the necessary support during your job search.