18.104.22.168 Pensioner education supplement (PES) - description
Objective of PES
PES aims to assist certain recipients of social security and DVA payments with some of the ongoing costs associated with study and so to improve their later employment prospects.
PES is a non-taxable, non-income and assets tested payment of $62.40 or $31.20 per fortnight, and is available to recipients who are undertaking at least 25% of a full-time study (1.1.F.230) load.
The half rate of PES is paid to 25% concessional study-load students with study-loads below 50%. Some exemptions apply - see 22.214.171.124.
How PES is paid
PES is paid fortnightly.
PES became a payment under the SSAct from 1 July 1998. Before this, it was a payment administered by the Department of Education, Training and Youth Affairs as part of the Austudy scheme.