with regards to the asset limit and your second property: depending on the value of the propert, if the second property is heavily mortgaged you may be under the asset limit UNLESS you used your principal home (home you live in) as security to obtain the loan for the second property. If your principal home was not used as security to obtain the loan for the second property, the assessable value of the property will be whatever the value of the property is (usually Centrelink will use the Capital Improved Value on the most recent rates notice, OR will request that the Australian Valuation Office determine the value of the property) minus the outstanding mortgage. For example, if the second property is worth $450,000 but there is a $400,000 loan outstanding, the net assessable value is $50,000. This is well under the asset limit, so as long as the net property value plus the remainder of your assets (shares, managed investments, savings, cars, household contents etc) is under $265,000, you will not be excluded on the basis of assets.
In terms of your DH being self-employed, in most circumstances, Centrelink will use his most recent business tax return to determine the net income from his business (i.e. gross income minus expenses) and your rate of Parenting Payment will be determined based on this figure. This is the case unless the current circumstances are different to what was reflected in his most recent tax return - for example, business has experienced a downturn, loss of contract, reduction in hours due to illness or family circumstances. If current circumstances are different to his most recent tax return, he will be required to provide a quarterly profit and loss statement to determine the net income from his business.
If you also return to work, you will be required to report your gross wages on a fortnightly basis - you can do this via online channels so not required to attend the office. You may be asked to provide payslips from time to time to confirm you are reporting your wages correctly.
firstly - WOW Eutra!! you're so close to due!! WOW!! awesome!!
secondly - Mildez - take Eutra's word at it! she works with this stuff!
the only way to know for sure if you'll qualify is to ring up, apply, and then let the staff that know the job assess you. if you apply and take all the stuff to centrelink to find out you don't qualify, no harm no foul - you tried. if you don't apply and could have qualified, you'll not get arrears payments, so it's money you'll never get anyway.
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