The YA personal income test allows full-time students to have income of $236 per fortnight ($62 per fortnight for other young people) before payments are reduced. The first $80 of income over these income free areas reduces fortnightly income by 50 cents in the dollar. Any income beyond this reduces fortnightly allowance by 70 cents in the dollar. A partner income test also applies.
A personal assets test applies to independent YA recipients unless their partner receives income support. Assets of dependent allowees are included in the family assets test.
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Full-time students/trainees have access to the student income bank, which allows them to keep more of their Youth Allowance where they earn income over short periods like vacation employment. Any unused part of their fortnightly income free area of $236 per fortnight is accumulated in the income bank, up to a maximum of $6,000. The student income bank balance is then used to offset the effect of casual earnings over the income free area.