Social Security (Australia)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Social Security, in Australia, refers to a system of social welfare payments provided by Commonwealth Government of Australia. These payments are administered by a Government body named Centrelink. In Australia, most benefits are subject to a means test.All Centrelink Income support payments are payable fortnightly, usually by direct deposit into the recipient's bank account. They are also subject to a means test which calculates the recipient (and their partner's) fortnightly income and assets and affects the rate of their payment accordingly. As such, people on lower incomes may be entitled to part-payment of their allowance (subject to other qualification requirements). The assessment of income and assets is very similar between different social security payments but the effect that income and assets have on each payment differs in that they have different income thresholds (ie how much income one can earn before it affects their payment) and different taper rates (the amount the payment drops by per dollar above these thresholds).