The adjustments will be the largest indexation increase of welfare payments Australia has seen in almost 30 years. 9News
The adjustments will be the largest indexation increase of welfare payments Australia has seen in almost 30 years.Welfare payments will rise in the biggest indexation increase in decades
The boosts to a variety of payments, including pensions and JobSeeker, are part of a recalibration tied to the Consumer Price Index, which measuresAge Pension, Disability Support Pension and Carer Payment will rise $38.90 a fortnight for singles and $58.80 a fortnight for couples. The maximum rate of a pension rises to $1,026.50 a fortnight for singles and $773.80 for each person of a pensioner couple, or $1,547.60 per couple.JobSeeker, ABSTUDY, Rent Assistance and Parenting Payments will also receive substantial increases.
JobSeeker for singles without children will increase $25.70 a fortnight to $677.20, while Parenting Payment Single will rise $35.20 a fortnight to $927.40. The rate for partnered JobSeeker Payment and Parenting Payment recipients will increase $23.40 a fortnight to $616.60.
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