Bridging finance and work bonus
Work Bonus will reduce the amount of bridging finance payable under assistance to transition into employment dollar-for-dollar. Both payments provide non-recoverable assistance for a transitional period when the client leaves a main benefit to move into employment.
Bridging finance cannot be paid if the total Work Bonus payable for the firstĀ 2 weeks following the date of the last payment of the main benefit is equal to or more than $500.
If the Work Bonus payments are less than $500 over the fortnight, the amount of bridging finance payable in respect of a week is reduced by each whole dollar amount of Work Bonus payable in that week.
For more information see:
- Actual and reasonable costs
- Specific employment related assistance Work Bonus
- Specific employment related assistance Work Bonus and Transition to Work Grant
- Qualifications
- Commencement date
- Changes and reviews
- Transition to Work [no link find out why] procedures
Legislation
- Assistance to transition into employment schedule (6) Employment and Work Readiness Assistance Programme
