Australia is one of the developed countries that is combating the Covid-19 Pandemic from the frontlines. From developing a vaccine for the coronavirus to presenting financial stimulus packages to sustain the socioeconomic growth, Australia fighting the pandemic with resilience and commitment. Australian economy has taken massive hits in the past 2 decades. However, every time Australia has come out as a winner and managed to sustain growth rate. The Australian economy has remained unscathed, inclusive and robust in the times when even the economies with the strongest outlooks dwindled.
The current Covid-19 Pandemic is engulfing the world like the notorious Spanish Flu Pandemic. However, due to pre-emptive measures deployed by the Australian authorities, the impact has not yet reached the highest scale. Due to the novelty of this virus, the human body has minimum to no immunity to it. This has the whole world in a lock down state. Australia is no different. However, the steps taken by the Australian authorities are plausible because their main aim is to ensure strict prevention measures and to support the public at large to retain their jobs and businesses in these testing times.
The economic measures taken by Australia are an example of how developed countries should be prepared to fight a national catastrophe of this scale. Australian authorities have introduced the JobKeeper Payment scheme for employers and one-off Economic Support Payment for low income earners. The JobKeeper Payment Scheme is meant for eligible employers who will be given AU$ 1500 payment per month to be given to their eligible employees. The Economic Support Payment is a one-off payment that is meant for eligible low-income earners and will be automatically debited to their bank accounts and other payment mechanism.
The one-off Economic Support Payment is an initiative of Services Australia, an Australian Government Department. According to Services Australia, an A$ 6.5Billion financial stimulus package has been dedicated to help low income earners who will receive one-time payment if AU$ 750 to meet the financial crises created by the COVID-19 situation. As per the concerned Australian authority, the eligible individuals will receive the payment automatically and they do not have to fill out any forms or go through any governmental red tape to get this bailout payment.
As per Services Australia, following are the eligible categories who will receive this one time Economic Support Payment:
- Age Pension
- Disability Support Pension
- Carer Payment
- Carer Allowance
- Parenting Payment
- Wife Pension
- Widow B Pension
- ABSTUDY (Living Allowance)
- Bereavement Allowance
- Newstart Allowance
- JobSeeker Payment
- Youth Allowance
- Partner Allowance
- Sickness Allowance
- Special Benefit
- Widow Allowance
- Farm Household Allowance
- Family Tax Benefit A
- Family Tax Benefit B
- Double Orphan Pension.
According to Services Australia, the following concession governmental card holders
- Pensioner Concession Card
- Commonwealth Seniors Health Card
- Veteran Gold Card.
The individuals listed also get the payment if you get one of the following Department of Veterans’ Affairs payments:
- Veteran Service Pension
- Veteran Income Support Supplement
- Veteran Compensation payments, including lump sum payments
- War Widow(er) Pension.
- You’ll only get 1 payment, even if you get more than 1 qualifying payment or card.
As per the Australian Services, this won’t be counted as income for social security and family tax benefit payments, aged care fees and charges, Farm Household Allowance and veterans’ payments. It is also tax exempted.
Australia is providing a comprehensive economic stimulus to assist the public during this time of a natural calamity of massive scale. Is your country doing the same? If not, then migrate to Australia and secure your life and future! Call FBP International Dubai Now +971502047869 / +971507513997 / +971523445543 to book your Online Video appointment with our Australian Migration Consultant or schedule your Online appointment by clicking here.
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