Millions of Australians from families to pensioners to receive $500 cash bonuses within WEEKS to kickstart the nation after the coronavirus – here’s who is eligible for a windfall
- More than five million people will receive $500 in Economic Support Payments
- The first $250 deposit will begin in November and the second will come in March
- Age pensioners, people with disabilities, carers and veterans are eligible
- The federal government will spend $2.6billion on the payments from 2020 to 21
- The payments are part of a bill that also supports families and young people
More than five million Australians who have been impacted financially by the COVID-19 pandemic will receive $500 in support payments from the government.
Both houses of parliament passed a bill on Wednesday which will see vulnerable Australians given a $250 Economic Support Payment from November 30 and another $250 payment from March 1, 2021.
A total of 5.1million Australians will receive the payments, of which 2.5million people are pensioners, but they only have until November 27 to ensure they’re eligible.
Some 2.5million aged pensioners are among the 5.1 million Australians who will receive a $250 Economic Support Payment on November 30 and another $250 payment from March 1, 2021
One million people with disabilities and carers will be able to secure the payment, along with 760,000 low income families, 400,000 self-funded retirees with a Commonwealth Seniors Health card and veterans.
The Australian Government will spend $2.6billion on the payments from 2020 to 21.
Minister for Families and Social Services Anne Ruston said ‘we are standing side by side with Australians who have been hardest hit by the economic impact of the pandemic’.
‘We can now deliver more practical support to older Australians, families and young people through these targeted, temporary initiatives in our social security system,’ Minister Ruston said.
Eligible veterans and pensioners are among those also eligible for the new Economic Support Payment
Minister for Families and Social Services Anne Ruston (pictured) said ‘we are standing side by side with Australians who have been hardest hit by the economic impact of the pandemic’
Both houses passed the Social Services and Other Legislation Amendment (Coronavirus and Other Measures) Bill 2020 on Wednesday, which is also introducing other measures to support families and young people.
Some 9,000 mothers who lost employment due to the pandemic will now take a paid parental leave work test, which will allow them to regain eligibility for parental leave pay.
A further 3,500 people will also be allowed to claim dad and partner pay.
Parents normally have to work 10 of the 13 months prior to their child being born or adoption process to be settled to be eligible but the requirements have changed to 10 out of 20 months between March 2020 and March 31, 2021, to make the scheme more accessible.
Women who have given birth since March 22 of this year can contact Services Australia to test their eligibility under the concessional work test.
Families who experience a stillbirth or the death of a child under 12 months of age will now receive up to $3,606.81 in support payments thanks to permanent changes to the stillborn baby payment and family tax benefit part A bereavement payment.
One million people with disabilities and carers are also eligible for the Economic Support Payments, which totals $500 per person
The federal government is also encouraging young Australians to take a gap year and work on farms before they study amid a shortage of backpacker workers.
Young Australians taking a gap year between school and further study will benefit from two temporary changes to the criteria used to determine independence for Youth Allowance and ABSTUDY Living Allowance.
From the start of next year, all Youth Allowance and ABSTUDY Living Allowance applicants will automatically be deemed to have worked over the six month period from March 25 to September 24.
This means they only need to meet the balance of the workforce participation criteria to receive the payments.
The Federal Government is also encouraging young Australians to take a gap year and work on farms before they study amid a shortage of backpacker workers