Will receiving a monetary gift effect my centerlink payments?

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29 Apr 2025

My Grandfather wants to send me a monetary gift (unknown amount) however I currently receive Centerlink (employment assistance). I am a casual worker so my payments fluctuate. When I first applied for employment assistance I had to wait a certain amount of time to receive my payments due to my then current savings.

My question is, if receiving this gift, will my payments be cancelled? Go on hold again?

I understand I will not be taxed on this gift as it is not classed as income however would be taxed on CGT, correct?

Any help / advice what to do in this situation would be appreciated.

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