Updated on February 11, 2024
2024 Centrelink Payment Increase: Dates and Changes Awaited
The Australian Government, in line with the Millennium Development Goals, provides financial aid through various programs. This article will delve into common Centrelink Payments, catering to employed, unemployed, carers, job seekers, disabled individuals, those receiving working benefits, and older citizens. To access these benefits, individuals can register through the MyGov Account, with applications verified by officials before payments are processed.
What are Australian Allowances?
The government aims to ensure financial stability for all citizens by providing funds based on eligibility. To access these funds, individuals need to submit an application to Services Australia and link their MyGov account with Centrelink.
Allowances are typically disbursed on a monthly or yearly basis, each benefit tailored with specific criteria to support citizens. This is particularly crucial for individuals who are currently studying and balancing the responsibility of caring for their children.
In 2024, different Centrelink payments are set to increase by approximately 6%, taking into account the consumer price index and inflation. Let’s dive into some key enhancements:
Youth Allowance: Individuals aged 24 or younger, pursuing apprenticeships or courses while living with parents, receive the Centrelink Youth Allowance. The payment increase for beneficiaries will range from $22.40 to $45.60.
Disability Support Pension: Similar to the age pension, recipients of the disability support pension have experienced disability for at least 2 years. This pension, for those physically or mentally disabled, unable to perform basic daily tasks, will see an increase ranging from $31.10 to $44.90 per fortnight.
Austudy Payments: Governed by the Social Security Act 1991, students above 25 years old receive financial support through Austudy Payments. The increase for this category will be $36.20 to $45.60 per fortnight.
For those eager to receive these increments, eligibility criteria will be discussed in the following section.