Millions of Australians will receive a boost to their income support payments amid the rising cost of living, after legislation targeted to provide financial relief passed in parliament.
From September 20, about one million Aussies will see an increase of $40 per fortnight to their working-age or student payments.
The age will be reduced from 60 to 55 for those people who have received the income support for nine continuous months. On September 20, regular indexation of JobSeeker, Parenting Payments and Commonwealth Rent Assistance will also kick in. About 580,000 women, 318,000 people aged 25 or younger, and 245,000 mature-aged Aussies will also benefit from the financial relief.
Ms Rishworth noted there are other forms of cost of living relief in the budget, including support for power bills, Medicare bulk-billing and cheaper medicine.
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