Waiting periods and assets testing

The ordinary one week waiting period that applies to some payments is waived when claiming because you’re impacted by COVID-19. The Liquid Assets Waiting Period (LAWP) is also waived if you’re entitled to the Coronavirus Supplement. If you’ve already applied for a payment and are currently serving a LAWP, you won’t need to serve the remainder of the waiting period. This also applies if you’ve applied for a payment which is eligible for the Coronavirus Supplement.

The Income Maintenance Period and Compensation Preclusion Periods continue to apply. This means that if you’ve received a redundancy payment or a lump sum amount of unused leave entitlements, you may not be eligible for a payment straight away.

The assets test is not applied when determining your entitlement to JobSeeker Payment, Youth Allowance (Jobseeker) and Parenting Payment for six months. The income test continues to apply and may reduce the amount of the payment you’re eligible for. If you’re a member of a couple, your partner’s income is taken into account when determining your eligibility.
To access these measures, recipients of JobSeeker Allowance and Youth Allowance (Jobseeker) cannot be receiving employer benefits (such as sick leave or annual leave payments) or income protection payments at the same time.

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