Australia $1587.45 Advance Payment – How to Claim, Eligibility, Payment Dates, and Form

By Joe Bidden

Published on:

Anthony Albanese

The Australian government offers advance payments to individuals applying for the Disability Support Pension (DSP). This financial aid, amounting to $1587.45, aims to cover living expenses, medical costs, and other necessities while DSP applications are processed. If you want to know more about this advance payment, including eligibility, payment dates, and how to claim it, read on.

DSP Overview

The DSP is a social security payment designed for individuals with enduring disabilities that prevent them from working full-time or finding suitable employment. The amount received varies based on personal circumstances, including marital status and the presence of children.

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Temporary Assistance

The $1587.45 advance payment serves as temporary financial assistance to bridge the gap between applying for and receiving the first regular DSP payment, which can take several weeks. This stopgap measure helps cover essential expenses during this waiting period.

Eligibility

To qualify for the $1587.45 advance payment, you need to meet several key eligibility criteria:

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  • New DSP Claim: You must have lodged a new DSP claim.
  • Reasonable Claim: Your request for an advance payment should reflect your financial situation and potential hardship while waiting for the first regular DSP payment.
  • Income and Asset Limits: You must meet the Centrelink income and asset limits.

Even if you meet these criteria, approval for the advance payment is not guaranteed.

Payment Dates

Centrelink aims to process the advance payment within two business days of receiving your completed claim. The payment will be deposited directly into your designated bank account, providing quick financial relief.

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How to Claim

To claim the $1587.45 advance payment, follow these steps:

  1. Sign in to MyGov: Access your MyGov account and navigate to Centrelink.
  2. Payment and Claims Section: Go to the Payment and Claims section.
  3. Manage Advance Payment: Select manage payment and manage advance payment. If you’ve saved it as a favorite service, you might find it there for quicker access.
  4. Follow Prompts: Follow the prompts to initiate a new claim and choose the Advance Payment for DSP option.

Alternatively, you can claim by calling Centrelink at 132 367 and speaking with a customer service representative. Inform them of your intention to apply for the DSP and request the advance payment. You can also visit your nearest Centrelink service center for in-person assistance.

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Required Documents

When claiming the $1587.45 advance payment, you’ll need to provide certain documents to verify your claim:

  • Proof of Identity: Valid identification, such as a driver’s license or passport.
  • Income and Asset Evidence: Documents verifying your income and assets for the fortnight before your claim, such as payslips, bank statements, and ownership documents for valuable assets.
  • Medical Certificates: While not mandatory, including medical certificates that support your disability claim can strengthen your application.

Repayment

It’s essential to know that the $1587.45 advance payment is a loan, not a grant. Centrelink will automatically deduct a set amount from your future DSP fortnightly payments until the advance payment is fully repaid. If your DSP claim is unsuccessful, you will still be required to repay the advance payment.

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By knowing the eligibility criteria, claiming procedure, and required documentation, you can effectively access the advance payment benefits, providing necessary financial support while your DSP application is being processed.

FAQs

How much is the DSP advance payment?

$1587.45.

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What is the purpose of the advance payment?

To cover living expenses while waiting for DSP approval.

How quickly is the advance payment processed?

Within two business days.

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What documents are needed for the claim?

Proof of identity, income and asset evidence, medical certificates.

Is the advance payment a loan or a grant?

A loan to be repaid from future DSP payments.

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Joe Bidden

A Certified Public Accountant specializing in personal finance and taxation. Joe's engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.

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