Youth Payment : Contents
Youth money management
Youth money management is when a young person being paid a Youth Payment gets an in-hand allowance of up to $50 a week, with most of their payment being redirected to pay for their everyday living costs and any lawful debts. Any remainder is placed onto their payment card.
Young people will not be subject to youth money management and will have their full payment paid directly to them when they have:
- demonstrated continued compliance with their obligations and been assessed as being financially competent or
- opted out of youth money management because they have turned 18 years and have chosen to stay on Youth Payment and complete their course of study, training or work-based learning
For more information see:
- Redirection of Youth Payment
- In-hand allowance
- Incentive payments
- Payment process for single people
- Payment process for couples
- Extra help
- Opting out of youth money management
- Earning the right to receive payment directly
- Continued compliance with their obligations
- Assessed as financially competent
- Returned to youth money management
- Method of payment
- Obligations Youth money management activity
- Qualifications Young person turns 18 years old
Legislation
- Payment of benefits section 341 Social Security Act 2018
- When youth money management applies section 193 Social Security Regulations 2018
