Budget predictions – Clean Energy Payments

In response to the effect carbon pricing will have on household budgets, the Government has introduced compensation through Clean Energy Payments. But what will this mean for you at next week’s budget?

clean energy payments, budget, predictions, Australia

In response to the effect carbon pricing will have on household budgets, the Government has introduced compensation through Clean Energy Payments. But what will this mean for you at next week’s budget?

Clean energy payments will be used by the Government to address the lack of funding for an increase in Age Pension payments, as the modelling of compensation amounts have shown to be greater than the impact of the carbon tax on households.

The long-awaited clean energy payments will start to flow through next month to those eligible under the carbon tax compensation scheme. This will mean a one-off payment of $250 for singles and $190 for each eligible member of a couple. The Clean Energy Advance is to cover the increase in costs until the introduction of the Clean Energy Supplement in March 2013.

Find out more about compensation payments to address carbon tax pricing.





    COMMENTS

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    ozimarco
    1st May 2012
    4:54pm
    What about self-funded retirees under 65? Don't they get any compensation at all?
    Histoman
    1st May 2012
    5:20pm
    That equates to $9,60 for singles, and $14.61 for married couples. So what exactly is this going to cover? , and I suppose they will have enough in the govt. coffers to pay this amount next year; I shall not be holding my breath.
    casper
    1st May 2012
    5:22pm
    ozimarco, this is what was published in this forum on 11 July 2011.

    "What will you receive?
    A one-off lump sum advance
    As with Age Pensioners, Australian self-funded retirees who hold a Commonwealth Seniors Health Card (CSHC) will receive assistance in two ways.
    Firstly, as an upfront payment, called a Clean Energy Advance, delivered during May and June 2012.
    This is a one-off payment of $250 for singles and $190 for each eligible couple member, to those holding the CSHC.
    It is designed to assist with extra costs which will be applied by the top-500 polluting companies from 1 July 2012. It is a supplement to cover the costs from 1 July 2012 to March 2013 when the Seniors Supplement will commence.
    You do not have to apply for this advance – you will receive it automatically if your contact details are up to date."

    Hope this answers your question.