Thank you! That is exactly what I wanted to know. There doesn't seem to be much benefit to canceling the continuous payment then if I am able to apply for the maximum advance at any time. I was just worried that I would have to wait until Jan to apply for it, but thank you for clearing that up.
you will only get one transitional advance - if you wish to have it set for jan/july each year again you'll need to apply again in January next year as they are all lbeing cancelled after this one transitional one
Yes I understand that about the transitional advance, what I was confused about was the new maximum payment and if getting the transitional advance this July would make me ineligible to apply for the new payment until I had paid off the transitional advance on the 31st Dec this year. I didn't realise that you could have both the transitional advance and the new maximum advance at the same time. Thanks so much.
I just applied for the $1000 advance payment and was approved. It had two separate options to choose from-continuous payment and the one off advance. The test was to ask how much money you had left over per fortnight after expenses.
Thank you so much for all of your help, I really appreciate it.
the payments for transitional advances will all be run after close of business on Monday rather than tonight as there is a major system upgrade needed over the weekend to accommodate it
I just did my usual thing and apply for my advance today like i usually do, i dont have my payments continuing, i just apply when needed, any way, saw thats its all changed and i can get the higher amount, but choose not to.
I only applied for enough to cover rent next week cause hubby is casual and took 3 days off work this week because we had the baby, so the timing was perfect and no need to stress about rent, anyway, hubby says i should have taken the maxium.
So from what i have just read above, am i right in assuming that i can apply for the remainder at any time? or have i read that wrong? It said i qualified for the maximum, but i only applied for half.
as long as the balance you can still advance exceeds the minimum allowable amount (around 160-161) then yes, you can get it any time
as consultants, we are concerned about people taking out massive advances and putting themselves under financial strain to pay them back - one decent advance can leave them paying back 77 a fortnight! so we're trying to encourage people to do exactly what you've done Anila
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