Second Round of Economic Support Payments Announced for 5 Million Australians

The Morrison government will make a second $750 economic supplement to rescue low-income families out of the global outbreak. Pixabay

The Australian government has said it will go ahead with a second $750 economic support payment to low-income families out amid the CCP virus health crisis. Approximately five million Australians will receive the payment from July 15.

Treasurer Josh Frydenberg announced the extra financial support on July 13, saying that the Morrison government is spending almost $4 billion (US$2.79 billion) on this round of support payments.

“The second $750 economic support payment will inject $3.8 billion into the economy and provide an economic lifeline to millions of Australians at a time when they need it most.

“The Morrison Government will continue to do all that is necessary to ensure Australia bounces back stronger on the other side,” Frydenberg said.

The payment will go to those who have not been receiving the JobKeeper and JobSeeker payments.

“This payment is providing additional support to eligible pensioners, families, veterans, and concession card holders who do not get the fortnightly Coronavirus Supplement as part of their current payment,” Senator Anne Ruston, minister for families and social services, said.

People queue outside Centrelink in Palm Beach in Gold Coast, Australia on March 23, 2020. Chris Hyde/Getty Images

The first such economic support payment was delivered in March and April by the Morrison government as part of measures to cushion Australians from the initial financial impact of the CCP (Chinese Communist Party) virus, commonly known as novel coronavirus.

Minister for Government Services Stuart Robert said that people who are living in Australia and are eligible for the support funds on July 10 will get this payment automatically as payments are processed through the month of July.

“There is no need to do anything to get the second Economic Support Payment. If eligible, people will see the $750 payment arrive in their bank account,” Robert said.

Australian households are expected to receive over $9.4 billion in financial assistance through the first and second economic support payments.

The treasurer will be delivering an economic statement on July 23 where he will reveal the findings of a review into the JobKeeper and JobSeeker payments which are set to end in September.

More information on support from the government can be found at www.australia.gov.au.