Not the way it works Anyone who gets a payout has to sign an affidavit that they are no longer in the workforce. So they spend all of it (usually an their children's deposit for extremely overpriced real-estate) And then go back into the workforce (allowed when you don't have a viable means of support) (90% of those that start a business usually fold within a year)
My not-retired taxi driver in Perth seemed to be fairly happy with doing a few airport runs a day, moving people between the internal and international airport terminals.