COVID-19 National: Individuals – Economic Support Payment
OverviewThis program aims to provide assistance to lower income Australians and support households to manage the economic impact of the Coronavirus. It will help to support confidence and domestic demand in the economy.
The program forms part of the Australian Government's Coronavirus Economic Stimulus Package which aims to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus.
The Government has provided two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders:
- The first payment was available to people who are eligible payment recipients and concession card holders at any time from 12 March 2020 to 13 April 2020 inclusive.
- The second payment was available to people who are eligible payment recipients and concession card holders on 10 July 2020.
The Government is providing a further two additional Economic Support Payments of $250 to pensioners, other social security recipients, veterans and eligible concession card holders to assist them through the ongoing financial challenges they are continuing to face as a result of the Coronavirus:
- The third payment will be available to people who are eligible payment recipients and concession card holders on 27 November 2020.
- The fourth payment will be available to people who are eligible payment recipients and concession card holders on 26 February 2021.
A person can be eligible to receive all of these support payments. However, they can only receive one payment in each round of payments, even if they qualify in each round of the payments in multiple ways.
The payment will be exempt from taxation and will not count as income for the purposes of social security, Farm Household Allowance and veteran payments.
Please refer to the Fact Sheet for the list of eligible applicants for the first, second, third and fourth payments.
| Documentation | Uploaded | ||
| Fact Sheet | 2020-11-15 | Download | |
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