Lecture 8 social security and financial planning. Qualifying criteria vary from one pension or benefit type to another but typically require applicants to meet certain age and residency requirements. Most social security payments are means tested in order to provide benefits to people most in need. Centrelink (est 1997) is charged with the responsibility of making social security payments and providing other services on behalf of the commonwealth government. Disability support pension for people with disabilities, illness or injury preventing them from working full- time. Carer allowance income supplement for someone who provides daily care for a person with an illness or a disability. Austudy payments for people undertaking qualifying study who are 25 years or over. Youth allowance an allowance for full-time students aged 16 24, or those temporarily incapacitated for study. Newstart allowance for unemployed people aged 21 or more but under the eligible age for the age pension.