#1 – Income Support for Individuals

#1 – Income Support for Individuals

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Under its coronavirus plan, the government is temporarily expanding eligibility to income support payments and establishing a new, time-limited coronavirus supplement to be paid at a rate of $550 per fortnight.

Under its coronavirus plan, the government is temporarily expanding eligibility to income support payments and establishing a new, time-limited coronavirus supplement to be paid at a rate of $550 per fortnight.That payment will go to existing and new recipients of the JobSeeker Payment, Youth Allowance jobseeker, Parenting Payment, Farm Household Allowance and Special Benefit for the next six months.

Eligible income support recipients will receive the full amount of the $550 Coronavirus supplement on top of their payment each fortnight.

And social security and veteran income support recipients and eligible concession card holders will also receive an extra $750 payment – on top of the $750 payment announced on March 12.

This new payment will be made automatically from July 13, and around 5 million Aussies will benefit, including pensioners. The original payment will also occur automatically from March 31.

The government is also reducing social security deeming rates by a further 0.25 per cent on top of deeming rate changes made during the first package.

From May 1, the lower deeming rate will be 0.25 per cent and the upper deeming rate will be 2.25 per cent.

The change will benefit around 900,000 income support recipients, including age pensioners.

https://Govt-Assistance-For Individuals.pdf