Carbon tax compensation

A few months may have passed since the announcement of the proposed Carbon Tax but the detail of how the compensation will work is still the subject of some confusion. Denis would like to know how compensation will be paid.

Carbon Tax, Compensation, Q&A, Seniors, Pensioners, Government, Payments

A few months may have passed since the announcement of the proposed Carbon Tax but the detail of how the compensation will work is still the subject of some confusion. YOURLifeChoices subscriber Denis would like to know how compensation will be paid.

Q. Denis
I am on the Age Pension and am expecting compensation for the Carbon Tax. Could you tell me if this compensation will be part of the base rate or the supplement base?

A.
As yet, the Carbon Tax has not been approved by Senate so it is worth noting that the planned compensation may be altered.  It is proposed that the initial compensation will be paid as a Clean Energy Supplement during May and July 2012. This will cover the anticipated increased costs applied to goods and services from 1 July 2012 until March 2013, when an increase in pension rates will apply.

The following article explains in greater detail how compensation will be paid to pensioners over the next two years, and how much that compensation will be.



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    COMMENTS

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    bananabender
    18th Oct 2011
    5:45pm
    That seems reasonable.

    I don't think there's any doubt that man made climate change is real. Every Academy of Science in the world, NASA, the Royal Academy, CSIRO and BOM believe it to be so. I'll take their word for it rather than that of some paid mouth hired to represent the interests of big business.
    Crazy Horse
    18th Oct 2011
    11:48pm
    So much for all the politically motivated hysteria generated by Tony Abbott. The average person won't be any worse off.
    aquatrek
    8th Nov 2011
    10:15pm
    Climate change per se is not 'man made' at all. The climate changes every day, every month, every year ad infinitum and will do so foreever - as it has done in the past. Nobody has definitive figures on what the 'normal' climate change parameters really are let alone precisely how much effect humankind has had. The future predictions are all guesswork and computer modelled forecasts. Technically the earth has reentered a new glacial cycle - having just emerged from the last one approx 20,000 years ago. A carbon tax in Australia will do absolutely nothing to alter the rates of climate change. It will generate revenue to rebalance the books after a big spend plus socially adjust the tax regime. A 'social' experiment by Labour - lets all hope that in the present global financial uncertainties it does no real harm to our way of life in the 'lucky country'.


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