Tag #Australian Welfare

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Feb 17, 07:09

Centrelink Boost for 5 Million Australians in March

Over 5 million Australians will receive a Centrelink payment boost in March 2024 due to indexation, impacting Age Pension, Disability Support Pension, Carer Payments, Commonwealth Rent Assistance, and JobSeeker; however, JobSeeker's increase will be smaller next year because inflation has moderated.

Centrelink Boost for 5 Million Australians in March

Over 5 million Australians will receive a Centrelink payment boost in March 2024 due to indexation, impacting Age Pension, Disability Support Pension, Carer Payments, Commonwealth Rent Assistance, and JobSeeker; however, JobSeeker's increase will be smaller next year because inflation has moderated.

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How does the calculation of these increases reflect government policy and economic indicators?

This indexation, calculated twice yearly, aims to maintain the value of welfare payments amid the cost of living crisis. September 2024 saw increases in various payments: Age Pension by $28.10 (single) and $21.20 (couple member), Disability Support Pension similarly, and Commonwealth Rent Assistance by 10%. JobSeeker rose by $15.30 (single, no children) in September. These increases connect directly to government efforts to mitigate cost-of-living pressures.

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Dec 8, 16:08

Centrelink Payment Increase for Over One Million Aussies

Over one million Australians will receive a boost to their Centrelink payments from January 1st, 2024, with increases ranging from \$5.80 to \$54 per fortnight, reflecting an annual cost of \$63.8 million, as the government aims to alleviate the impact of rising living costs.

Centrelink Payment Increase for Over One Million Aussies

Over one million Australians will receive a boost to their Centrelink payments from January 1st, 2024, with increases ranging from \$5.80 to \$54 per fortnight, reflecting an annual cost of \$63.8 million, as the government aims to alleviate the impact of rising living costs.

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What is the immediate impact of the January 2024 indexation on Australian Centrelink recipients?

Over one million Australians receiving Centrelink payments will see a slight increase in their fortnightly welfare payments starting January 1st, 2024. These increases, adjusted via indexation to account for the rising cost of living, range from \$5.80 to \$54 per fortnight depending on the specific payment type and recipient circumstances. This indexation is intended to provide financial relief to those most in need.

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