Five million Australians get a $ 750 cash boost from the corona virus – find out if you’re entitled to the handout
- Australians on lower incomes start receiving their second $ 750 cash boost
- The payment will be made to approximately five million Australians at a cost of $ 3.8 billion
- To be sent from this week to those who receive certain income support
- These payments include veterans, caregivers and Australians on retirement
- Treasurer Josh Frydenberg said there are no plans for a third payment of $ 750
Australians on lower incomes will receive their second incentive payment of $ 750 starting this week to help them weather the effects of the COVID-19 crisis.
Payment will be made to approximately five million Australians for $ 3.8 billion as part of the support measures of the Morrison government during the pandemic.
The award will be sent automatically to those who receive certain benefits from July 10 – including veterans, social security recipients, caregivers, and those with old age pensions.
Treasurer Josh Frydenberg said there were no plans for a third round of payments.
Lower-income Australians will receive their second stimulus payment of $ 750 starting this week to help them survive the coronavirus pandemic. Depicted are hundreds of Australians queuing at a Centrelink in Melbourne on March 23
“This cash payment is part of a comprehensive set of measures that we have announced,” he told ABC News on Monday morning.
He said the next phase of income support for next September will be announced next week.
The first payment of $ 750 was made in March and April.
Mr Frydenberg, in conjunction with Social Affairs Minister Anne Ruston and Government Secretary Stuart Robert, said that payments are an economic lifeline for millions of Australians when they need it most.
Mr Robert said that you don’t have to do anything to get the help.
“If eligible, people will see the $ 750 payment arrive in their bank account between July 15, 2020 and late July 2020,” he said.
WHICH REVENUE RECIPIENTS ELIGIBLE FOR THE $ 750 CASH BOOST?
Payment to caregiver
Commonwealth Seniors Health Card
Double orphan’s pension
Family tax benefit A
Family tax benefit B
Retired franchise card.
Also this week, early risers who have already filed tax returns will receive some refunds due to them.
Nearly 1 million Australians filed tax returns between July 1 and 9, up 11 percent from the same time last year.
The government expects more than 10 million Australians earning less than $ 126,000 this year to receive a tax cut of up to $ 1,080.
Treasurer Josh Frydenberg said the next phase of income support for Australians will be announced after September next week
This is the second year that the low and middle income tax cuts have been made available.
“A record number of Australians have already filed their tax returns, with refunds that will end up in bank accounts during the week,” Frydenberg said.
The treasurer will make an economic statement on July 23, in which he will also disclose the findings of a review of the JobKeeper wage subsidy and the improved JobSeeker benefit, which will be legally terminated in September.
Prime Minister Scott Morrison has pledged that there will be more income support after September.