EXCLUSIVE: Thousands of millionaires sitting on substantial cash and assets have been pocketing JobSeeker payments during the coronavirus crisis.
The asset testing limits are one of a host of changes that will come into effect Friday.
However the reintroduction of the means test will also slash payments for some and kick others off JobSeeker entirely.will force new applicants who have more than $5000 saved for a rainy day to wait for up to 13 weeks to secure JobSeeker, Austudy and the Youth Allowance. The Morrison government has said there won’t be any changes to JobSeeker in the budget. NCA NewsWire/Joel CarrettUnder the partner income test, anyone who has a husband, wife or partner that earns more than $80,000 a year will have their JobSeeker payments cancelled.
The asset test and means test changes are entirely separate to the previously announced plans to slash the coronavirus supplement by $300 a fortnight which will come into effect on the same day.
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