..

News

  • Written by News Feature Team


If you’re unemployed, simply making ends meet can become a challenge. While a short stint between two jobs may be manageable, longer periods of unemployment drain the household’s money, depletes savings, and leaves you feeling as though you have no options to keep yourself afloat.

Luckily, there are programs designed to help unemployed Australians while they seek out new job opportunities. Here are some of the top financial assistance programs available to the unemployed.

In addition, there are also a few unemployed loan options based on a borrower’s ability to make the repayments via benefits, annuity income or pensions etc.

Newstart Allowance

The Newstart Allowance is the most common form of financial support available to unemployed Australians. The payments are administered by the government and provide you with a critical source of income while you find a new job.

The basic qualifications are simple. You need to be at least 22 years of age, but under the pension age. Additionally, you must be actively looking for paid work and qualify based on the associated income and assets test limits. Finally, you’ll need to be prepared to meet the mutual obligation requirements.

The amount you are eligible to receive varies based on your family size, any recently acquired income, and your amount of available savings.

Youth Allowance

For unemployed individuals under the age of 24, but at least 16 years old, who are studying, currently an Australian Apprentice, or looking for work, there is the Youth Allowance. The eligibility requirements vary somewhat based on your precise situation. For example, those aged 16 to 21 looking for full-time work may qualify, as well as those who are 16 to 17 and either living independently or must live away from home to study. 18 to 24 year olds who are studying full-time may also qualify, as well as 16 to 24 year olds who are full-time Australian Apprentices.

There is also an income and assets test that will further determine eligibility, and residency requirements may apply. The size of the payment is also calculated based on numerous factors.

Parenting Payment

For parents who become the main carer for a young child, the Parenting Payment may be able to provide additional support while you are unemployed. The child must be under 8 years of age for single parents or under age 6 if you have a partner. Income and asset tests are also required to determine whether you qualify, and the payment is set based on factors such as family size

Mutual obligation requirements may need to be met, though some may be temporarily exempt based on their unique circumstances.

Ultimately, the Australian government has numerous programs that can help families who’ve fallen on hard times. Those above are predominately applicable to those who are currently unemployed, though other services may also be available to provide additional financial assistance, especially if you are considered a low-income household, are a pensioner, or have a disability.

The requirements set forth for every program vary, so you will need to examine them or contact a local office to see if you qualify for assistance.

Politics

George Neophytou - Don’t be taken for granted

George Neophytou George Neophytou, independent candidate for Gippsland East is concerned our electorate is being taken for granted. For too long Gippsland East has been the electorate that Labor...

Prime Minister's media conference at Glenelg

DOORSTOP WITH PREMIER OF SOUTH AUSTRALIA HON STEVEN MARSHALL MP, MINISTER FOR DEFENCE, THE HON CHRISTOPHER PYNE MP AND NICOLLE FLINT MP, MEMBER FOR BOOTHBY GLENELG, SA SUNDAY 14 OCTOBER 2018 SUBJEC...

Canavan calls out Shorten’s resources schtick

Resources Minister Matt Canavan has called on Labor to state one clear position – just one, not two or three - on the future of Australia’s thermal coal industry.   Following a string of confused ...

Business News

Changes retailers must make to attract more online shoppers

Research reveals the changes retailers need to make to attract more online shoppers   3 in 4 (74%) shoppers need free returns to incentivise them to do all their shopping online 65% want to be ...

CREATING AUTOMOTIVE ENGINEERS OF THE FUTURE

A $5 million program to encourage high quality graduate engineers to work in Australia’s automotive sector has opened today.Minister for Industry, Science and Technology Karen Andrews launched the Aut...

Pan Pacific Hotels Group launches new Smart Meetings offer

With the newly-launched Smart Meetings offer by Pan Pacific Hotels Group (PPHG), meeting organisers get rewarded simply for booking smart. Smart Organisers will enjoy immediate savings of 5% with e...

Travel

The Best Moment of Your Life from Lonely Planet

Discover 100 Life-Changing Travel Experiences with The Best Moment of Your Life from Lonely Planet What’s the best moment of your life? It’s a simple question to ask, but a more challenging one t...

Travel expert Anthony Goldman outlines what's trending for elite travellers

LOVERS OF LUXE DRIVING TRAVEL TRENDS   Travel expert Anthony Goldman outlines what’s trending for elite travellers in 2019 and beyond…   Media Release – 15 October 2018 - Travellers are splurgin...

End of year travel can deliver big benefits if booked on certain credit cards

With more than 56% percent of the Australian population now owning a passport, it is no surprise the Australia Government recorded over nine million trips overseas at 2017 financial year end.   A wh...