The first payments for the Carbon Tax Clean Energy Advance for FTB Recipients appears to have been made in May 2012
Being on the base rate of FTB, and with a 16 year old child, our payment was $87.05 to cover the extra costs of the new Carbon Tax, for the next 6 months… That is $3.35 per week, about the expected increase in Electricity costs caused by the carbon tax. But nothing more… It does not appear to cover the 100% of all increases as stated in the government advice.
The official site for this information is: http://www.cleanenergyfuture.gov.au/household-assistancesupporting
One extract from this page is:
Through tax cuts and increases to Government payments, all low income households will be provided assistance that covers at least 100 per cent of their expected average impact of the introduction of the carbon price. Many will be better off.
The overall increase in cost of living for average Australian households due to carbon pricing is expected to be modest – an increase of 0.7 per cent in the consumer price index (CPI) in 2012-13 – that is less than a cent for every dollar spent. On average, food is expected to go up by less than $1 per week, the average household electricity bill is expected to go up by $3.30 per week and the average gas bill is expected to go up by $1.50 per week. Households will not face a carbon price on the fuel they use for transport.
and another one:
Assistance through Pensions, Income Support and Family Payments
Assistance will be provided to people who receive payments such as the Age Pension, Disability Support Pension, Carer Payment, Newstart Allowance and Family Tax Benefit, through increases in these payments.
The introduction of the carbon price is expected to result in a once off increase in prices of 0.7 per cent in 2012-13. In order to ensure low-income households are able to cover their average expected price impact, most government payments will be increased by an amount equivalent to 1.7 per cent of the maximum rate. The base rate of Family Tax Benefit Part A will also be increased by 1.7 per cent.
This assistance will first be delivered to pensioners, allowees, Family Tax Benefit and other eligible recipients through a one-off, tax-exempt, lump sum Clean Energy Advance in May or June 2012. After that, assistance will be paid through a new Clean Energy Supplement at the same time as payments.
The Household Assistance Package
www.humanservices.gov.au/customer/subjects/clean-energy-future?utm_id=12
The Household Assistance Package starts from May 2012 with an initial payment, followed by ongoing assistance added to regular entitlements from March 2013.
Based on the above official information, it seems that the initial payment covers 9 months, and not the six that I thought.
Therefore I am actually only getting $2.23 per week… or is there more to come earlier ?
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