As many as five million Australians are set to receive another $250 coronavirus payment from as early as March as the government’s economic lifelines complete their final stages.
Known as part two of the “Economic Support Payment” – the first of which was delivered in December 2020 – the payment will go straight into eligible receiver’s bank accounts.
For others, you must make sure you’re eligible by February 26 to receive it.
Here’s everything we know about the latest payment.
What is the latest coronavirus payment?
The latest coronavirus payment is known as the Economic Support Payment, and is an extra cash injection to support those hurt most by virus restrictions.
The latest payment is $250.
It is part of a $500 per eligible person package, the first $250 of which was delivered to recipients in December 2020.
If you are eligible, you should start to see the payment in your account from March 1, 2021.
Who is eligible to receive it?
The eligibility requirement is actually really simple. You need to say yes to these two questions:
- Are you living in Australia?
- Are you getting an eligible payment or concession card as of February 26, 2021?
Importantly, you won’t receive it if you are being paid the coronavirus supplement.
In that second question, what is an ‘eligible payment’?
Essentially, you’ll receive the payment if you also get one of the following:
- Age Pension
- Carer Allowance
- Carer Payment
- Commonwealth Seniors Health Card
- Disability Support Pension
- Double Orphan Pension
- Family Tax Benefit
- Pensioner Concession Card
What do I need to do to receive the payment?
If you are eligible, you don’t need to do anything – the government will pay it directly to your bank account.
The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.