Centrelink Payment Changes

Information relating to some of the ceasing payments Sickness Allowance is an income support payment for individuals who are temporarily incapacitated for work or study and do not have adequate levels of income support. The individuals must be able resume their employment or return to their studies once they have recovered from their incapacity. Widow B Pension is a payment for a widow who did not get a Parenting Payment, has limited money and lost the financial support of their partner. No new claims of Widow B Pension have been granted since 20 March 1997. Wife Pension is an income support payment for female partners of people receiving an Age Pension or Disability Support Pension as of June 1995. No new claims of the Wife Pension have been granted from 1 July 1995. Bereavement Allowance provides short term financial assistance of up to 14 weeks for recent widows.

Disclaimer: The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future. To the extent permissible by law, neither we nor any of our related entities, employees, or directors gives any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of information contained in this newsletter. This information is of a general nature only. It is not intended as personal advice or as an investment recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should read the product disclosure statement of any financial product referred to in this newsletter and speak with your financial planner to assess whether the advice is appropriate to your particular investment objectives, financial situation and needs.