The Australian Government provides support to students and apprentices through various centrelink programs such as Youth Allowance and Apprenticeship Programs. These allowances will help the students to manage their cost of living and educational costs. In this post we will see the Australian Youth Allowance program. Who will be eligible for this and what are the payment rates for the students or apprentices. When and how these allowances are paid to students. We will check who will receive $987.70 Allowance Australia July 2024. Is this only the payment rate provided for allowances or not?
$987.70 Allowance Australia July 2024
$987.70 Allowance Australia July 2024 will be offered to students or apprentices who are younger than 24 years. These Financial help will provide the allowance for the educational costs and students living costs. Eligible students based on their residency, age, income, assets, courses will get this Youth Allowance. This Allowance is also transferred every two weeks. This $987.70 Allowance is given to the primary caregiver of a dependent child and this caregiver is also exempted from the mutual obligation requirements. Check the eligibility, rates and payout dates for the Youth Allowance 2024.
Australia $987.70 Allowance 2024- Overview
| Title | $987.70 Allowance Australia July 2024 |
| Year | 2024 |
| Month | July |
| Country | Australia |
| Name of the Payment | Youth Allowance |
| $987.70 Allowance Australia Eligibility 2024 | Student or Australian Apprentice |
| Objective | Financial Support |
| Australia Allowance Amount 2024 | $987.70 |
| Australia $987.70 Allowance Payout Date 2024 | Check Post |
| Category | Finance |
| Official Webportal | servicesaustralia.gov.au |
$987.70 Allowance Australia Eligibility 2024
- One of the given condition must fulfil to get Youth Allowance as an Australian Apprentice or student:
| Ages 18 to 24 and a round the clock student.Ages 16 to 24 and pursuing an Australian apprenticeship full-time course.16 to 17 years old, self-sufficient or requiring housing away from home for academic purposes, 16 to 17 years old, enrolled full-time in school, and having finished year 12 or its equivalent. |
- Additionally, you have to met all given conditions:
| Satisfy the income and asset tests, fulfil the requirements for Australian residency. The Income and Assets Tests for parents will be fulfilled if the claimant is dependent. Enrol in a recognised program or pursue a full-time Australian Apprenticeship. |
- Requirements for Australian Residency are:
| Live in AustraliaPhysically in Australia at time of ClaimAustralian Residency Non- Protected Special Category Visa holderYou’ve been a resident of Australia for at least ten years without ever leaving. |
- Approved Courses for Youth Allowance is given Follows:
| Course for secondary education unique educational program A course that gets you ready for postsecondary education at a university or other higher education institution; traineeship, pre-vocational, or vocational education and training (VET)Activity for Small Business Training as a Part of Self-Employment SupportCourse on English as a Second LanguageA Startup Year course in conjunction with a loan from STARTUP-HELP. |
- Approved Education Providers for Youth Allowance are:
| secondary school, a registered training organisation (RTO), a special school, or TAFE, higher learning institution, such as a university. |
Australia Allowance Amount 2024
Every two weeks, the qualifying beneficiaries can receive Youth Allowance. The Youth Allowance Amount 2024 is determined by the age, partner, number of children, and income of both you and your partner. Service Australia modifies the payment rate on 1st January each year. This payment is made every two weeks. The table below shows the
Allowance Australia Payment Amount 2024.
| Status of Citizen | Age | Number of Children | Housing Status | Allowance Australia Payment Amount 2024 |
| Single | 18 years or less | 0 | Live with parents | $395.30 |
| Single | 18 years or less | 0 | Live away from parents | $639.00 |
| Single | 18 years or older | 0 | Live with parents | $455.20 |
| Single | 18 years or older | 0 | Live away from parents | $639.00 |
| Single | – | With children | – | $806.00 |
| Principal Carer who exempted from Mutual Obligation Requirements | – | Dependent Children | – | $987.70 |
| Married | – | 0 | – | $639.00 |
| Married | – | With children | – | $691.80 |
Australia $987.70 Allowance Payout Date 2024
The Youth Allowance schedule is not yet available. The recipients can view the payment schedule for 2024 by logging into their mygov account. Every two weeks, the beneficiaries receive their money. Check mygov account for $987.70 Allowance Australia Payout Dates July 2024. Here is the process to claim this Youth Allowance in 2024:
- Create mygov account and link this account with centrelink.
- Prove your identity with supporting documents.
- Provide the documents that help in claiming this Allowance. These documents can be financial records, living arrangements, Relationship, Employment, work, study, medical reports, certificates,Tax File number and many more.
- Claim for the Youth Allowance.
Fact Check- $987.70 Allowance Australia July 2024
It is accurate to say that recipients who are primary caregivers for dependent children and those who are exempt from the mutual obligation criteria will get the $987.70 payment. This $987.70 Youth Allowance for July 2024 is approved. For additional information and updates, visit servicesaustralia.gov.au, the official website.
FAQ Related To $987.70 Allowance Australia July 2024
Up to 13 weeks prior to the start of your course or apprenticeship, you may apply for Youth Allowance for Students or Australian Apprentices.
An estimated date will be given to beneficiaries upon online claim submission. After approval of your payment, you will get your first Youth Allowance payment two weeks later.
John Wick is a Media and Finance editor, passionate about writing and editing content related to finance and taxes. He has achieved dual degree in Mass Media and Finance From one of the top universities in the World. He is keen to learn new things and changes which take place in the world of Finance and stocks.