How do I get my Centrelink income statement?

In spite of what you might believe, it is possible to obtain a car loan even if you are currently receiving benefits from Centrelink.

However, if you are applying for a car loan while receiving benefits from Centrelink or if you have a poor credit history (and are applying for a loan for people with bad credit), there are additional documents that you will need to include with your application. These documents can be found here.

One of these documents is referred to as a Centrelink Income Statement. You will not receive this document automatically from Centrelink; however, it is not difficult to acquire this document, and it is provided at no cost. Rapid Finance uses the Centrelink Income Statement as evidence of the applicant's income, as well as to determine which deductions, if any, can be added back onto the applicant's income in order to better evaluate the application.

If you are currently receiving benefits from Centrelink and are considering applying for a car loan, it is in your best interest to have a solid understanding of what a Centrelink Income Statement is and how to obtain one before you start the application process. This will save you both time and stress.

What exactly is an Income Statement for Centrelink?

A Centrelink Income Statement is a document that outlines all of the information that Centrelink possesses regarding your current economic situation. If you are currently receiving Centrelink benefits and want to apply for a loan of any kind, including a loan for a car, your lender will require you to provide them with this document. You are only required to provide this proof if you are currently receiving financial assistance from Centrelink.

There is a good chance that you are familiar with income reporting if you are receiving benefits from Centrelink. Everyone who is receiving financial assistance from the Department of Human Services (also known as "Centrelink") is required to regularly report any earnings that they are receiving. In a normal situation, you would be required to report your income once every two weeks.

According to Centrelink, the term "income" can refer to both the consistent payments that are made to you by your employer as well as any periodic payments or benefits that you receive as a gift or allowance. Other examples of these types of payments include gifts and allowances. This latter form of income must be reported, and the source of the payment can be anyone, including parents, relatives, or friends, as long as the payment is made on a consistent basis. The more information you provide, the more details Centrelink will have about your current and previous financial situations.

The document that displays all of the information that Centrelink has about your financial circumstances is called an Income Statement. This document is valuable information for a lender to consider when deciding whether or not to grant you an auto loan. Information such as the following will be detailed on your Income Statement:

  • Any regular income you receive
  • Where exactly are those various forms of income coming from?
  • Any tax benefits that you are eligible to receive
  • How much money you get from Centrelink on a regular basis as part of your payments.
  • Any upcoming payments that are rightfully yours to receive
  • Previous payments that were not consistent that you have received
  • Specifics regarding your assets, including cash, investments, savings, as well as personal and household items
  • The specifics of your partner's financial situation

Your creditor is required to conduct a comprehensive review of your current financial situation before deciding whether or not to grant you a loan for a vehicle. This review must take into account any benefits or entitlements from Centrelink that you currently receive. If you are able to provide proof of your partner's income, you will almost always be in a better position to be approved for a loan. This is especially true if your partner does not receive benefits from Centrelink and has a solid credit history. If you have been reporting your income to Centrelink on a consistent basis, then all of this information should be visible on your Income Statement.

couple filling out online form

How do I get access to my income statement from Centrelink?

Obtaining your Income Statement from Centrelink is a simple process.

If you already have a Centrelink account, you can simply report your income by logging in to your account online as you normally would. After logging in, navigate to the homepage and select "Request a Document" from the menu that appears on the right side of the page. This will take you to a page with a drop-down menu titled "Document Type," which, when you click on it, will give you a number of options from which to choose, including the following:

  • Centrelink Statement
  • Concluding Statement of Deduction
  • Statement of Income and Assets in Extensive Detail
  • Income Statement
  • Income Management Statement
  • A Recap of the Payments
  • Replacement Concession Card

Simply pick 'Income Statement' from the drop-down menu, and you'll be well on your way to finishing this step. In order to process your document request, Centrelink will ask you to complete a short survey consisting of a few simple questions, such as the following: g a financial institution) and the date you are making the request (this will default to today's date, which you will not need to change the majority of the time)

Success can be proclaimed. When you have finished answering these basic questions, you will be taken to the "Receipt" page, which, in a nutshell, indicates that your document request was processed successfully. On this page, in addition to displaying your receipt, you'll find a link that takes you to the PDF version of your income statement. When you click on the link, an updated version of your Income Statement will appear on the screen. You will need to print out a copy of your Income Statement and include it in your application for a car loan, so make sure you save a copy of it on your computer.

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If you are currently receiving benefits from Centrelink and want to apply for a car loan, you will need to include a Centrelink Income Statement as part of your application materials. Only those loan applicants who are actually receiving benefits from Centrelink are required to provide this document.

All of the information that Centrelink has on your financial situation is summarized in a document called an Income Statement. This document includes information such as how much money you earn, how much money your partner earns, where your earnings come from, and any specifics about your savings. All of this information is important for a lender to take into consideration when deciding whether or not to approve your application for a car loan.

If you are eligible for benefits from Centrelink, you should already have an online account that you use on a consistent basis to report the amount of money you earn. Logging in to your account as you normally would and following the steps outlined above will grant you access to your Income Statement.

The process of requesting a document is one that is speedy and simple, and it does not require the customer to visit a Centrelink branch in person. You can easily complete it from the comfort of your own home, and you can print the document directly from your personal computer.

It is not impossible to get approved for a car loan even if you are receiving payments from Centrelink, despite what you might have heard or thought. Read more if you would like to learn more about making an application for a car loan while you are receiving benefits from Centrelink.

Rapid Finance has assisted a large number of people in Australia with poor credit histories in obtaining approval for their auto loans. Call our helpful staff at if you need assistance purchasing the car of your dreams but are unsure if you will be able to secure financing for the purchase. 1300 467 274 to talk about the possibilities available to you.

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