people on AusStudy (1 Viewer)

[Prepare]

is there a limit to how much $$ you can have in a savings account? i heard there was a limit you could have b4 they pulled your payments.

what if for example my parents give me $5000 investment portfolio for my 21st or something?

 

[saladsurgery]

ausstudy is for people over 25 who are studying fulltime.
you want youth allowance, i think. not sure about the rules though.

 

[theone123]

theoretically yes. if they find out ur screwed , nevertheless its unlikely they can find out unless ATO does a audit on ur accounts and reports it to Centrelink.

 

[cayte]

You officially can't have more than a couple of thousand dollars liquid assets but you can have about $300 000 in physical assets (house, car, etc). They're supposed to just defer your payment though, I don't think they stop them.