they said it was for 10 weekshavy said:btw, you've mentioned that the colonial program is 10 wks....does it hav a 2 week xmas break? in that case it will be a 8 wk program, unless you'll be paid in that break too
yeh i hope that i can still get some amt of allowance during my internship...I'll probably use up all my offsets (income bank credit?) b4 the internship finishes.stazi said:For students and Australian Apprentices, fortnightly income between $236 and $316 reduces fortnightly allowance by 50 cents in the dollar. Income above $316 reduces payment by 60 cents in the dollar. For students and Australian Apprentices the income test is subject to income bank credit.
from what i understand, you can continue earning it when you finish work
worst. accountant. ever.havy said:of course its just some amateur estimation, dont quote me on it
overall I dont think u'll miss out on much payments anyway, maybe $200 max...which is really not a problem.stazi said:well I'll be earning $780 gross per week = $1,560
income threshold: $236 per fortnight, therefore net change to income bank balance = $1324 debit/fortnight
Week 2: $4,674
Week 4: $3,348
Week 6: $2,022
*Week 7 and 8 have no pay, thus income bank balance increases to $2258. however, this probably means the program actually runs for 12 weeks in total (10 paid)*
Week 10: $932 balance remaining
Week 12: exceeds balance by $394, which means centrelink payment is 40% of what I normally get.
i think it also depends when does your fortnite start, ie. maybe one fortnite starts one wk before your work so it includes one wk without work and one wk with work...that'll affect your offset schedule.stazi said:well I'll be earning $780 gross per week = $1,560
income threshold: $236 per fortnight, therefore net change to income bank balance = $1324 debit/fortnight
Week 2: $4,674
Week 4: $3,348
Week 6: $2,022
*Week 7 and 8 have no pay, thus income bank balance increases to $2258. however, this probably means the program actually runs for 12 weeks in total (10 paid)*
Week 10: $932 balance remaining
Week 12: exceeds balance by $394, which means centrelink payment is 40% of what I normally get.
you should, doesnt it start on the 10th of december?stazi said:i hope i get my first commbank payment before xmas
just took a look at it again...doesnt uni start on the 25th of feb? how are u gonna cope with working then?stazi said:they said it was for 10 weeks
10th dec: week 1
17th: week 2
2nd: week 3
7th: week 4
14: week 5
21: week 6
28: week 7
4: week 8
11: week 9
18: week 10
25th feb: week 11
There's eleven weeks they can hold it during. I'm assuming they'd give christmas week off along with the week after, and have the program go until late feb
2008: Lectures begin Monday 3 Marchhavy said:just took a look at it again...doesnt uni start on the 25th of feb? how are u gonna cope with working then?
ps. I thought wk6 and 7 starts on 21st and 28th of December, but they are actually in January, so thats not your xmas break, the actual break is between wk2 and wk3, which starts on 22/12 and you gotta be back to work on the 2nd.