Just wondering if anyone has been in a similar situation...
As a family with two small children we are currently receiving family assistance. I am not working but my partner is working full time.
It has recently been discussed with my father that he may be gifting us some money as a start towards our first home.
If this happens and the money is put into my account what happens with family assistance payments? We do not want to touch the lump sum payment for daily living etc.
Is the lump sum payment considered an asset? If it is in my account and accessible does centrelink take this into account and stop your payments?