You should report if more than $2000, won't impact on your payment though as it is not actually Income.

No you don't have to worry about withdrawing it, if you are on Newstart you could have up to $100k in the bank and if on DSP up to $160k before it would lower your payments.

Get it from the horse's mouth - ask Centrelink!  Ask it as an hypothetical question, as it could be for anyone, even your parents.

Best off asking Centrelink  for the right advice as  they  need to pay  you the roight amount of money.

A neighbor (age pensioners) did that without problems. However she thought it was a good idea to start buying chunk and selling it on e-bay. Centrelink sent her a please explain as she was now considered as running a business. So obviously it must be an item they are looking into. Just to get of a few unwanted items should never be a problem.

Thanks All, I think it might be best to get centrelink to clarify if that is possible. I am in the process of wanting to downsize and get rid of a lot of goods IE motorcycle parts, and motorcycle models and there is a lot of it, and need to use the likes of gumtree and ebay otherwise it is very hard to sell. And of course these sales would be in dribs and drabs, I am a bit worried to do this and upset the apple cart

If on any kind of pension any interest on any money or investments in classed as income and deemed at 4%.

So selling a class of asset (goods) and turning into a different class of asset (cash), has you concerned? An asset is an asset is an asset. and Centrelink is only interested in the value of that asset. You are unlikely to diminish the total value declared of your household goods by selling some, but you do increase the value of total assets by increasing the cash portion. That is unless you immediately spend it on consumables.