In Australia the Centrelink offers the support benefits and these support benefits are revised as per the living cost and inflation in Australia. Generally on 1st January, 20th March, 20th September the centrelink revised the amounts for the support benefits. These benefits are generally known for indexation benefits. With the ongoing pressures of rising inflation the Australians feel the financial stress. With this rising inflation the Government also changes the payouts so that the residents can have the adequate purchasing power. Each year the Centrelink provides the schedule but sometimes the schedule has several changes. Here in this post we will know the Australia Cost of Living Payout Date Changes 2024 and also we will see the amounts that are being modified as per the inflation.
Australia Cost of Living Payout Date Changes 2024
The Centrelink payments like Age pension, youth allowance, DSP, Jobseeker payments, parenting payments, ABSTUDY, rent assistance get revised as per the indexation. This means that all the income support benefits in Australia are being revised as per the inflation. The CPI and WPI in Australia will provide the inflation data through this data the Centrelink Changes the amounts for the centrelink payments. The percentage of change in inflation will lead to the same percentage raise in the Centrelink payments. But what if Centrelink did not index the payments as per the inflation? The purchasing power of the residents will be lowered and with this limited money will supply in the economy and this results in poverty, unemployment and more inflation.
To combat the inflation the Government raises the centrelink payments so that the purchasing power will be stable, and money supply will be more in the Australian economy. This is the only way by the Centrelink to stabilise the economy. Through the raised payments the fixed incomes will be more spent rather than the savings. With the amounts the Centrelink also changes the eligibility components like earnings limits so that the low income can qualify for the centrelink payments with increased benefits. In this guide we will get a complete look for the Australia Cost of Living Payout Date Changes 2024 and also we will know the revised amounts.
Australia Cost of Living Payout Changes 2024- Overview
| Title of the Post | Australia Cost of Living Payout Date Changes 2024 |
| Year | 2024 |
| Name of the Country | Australia |
| Issuing Authority | Centrelink or Service Australia |
| Name of the Payment | Centrelink Cost of Living Payments |
| Changes Effectiveness | 20th September 2024 |
| Objective | Adequate Financial Support |
| Post Category | Finance |
| Official Web Page | www.servicesaustralia.gov.au |
Centrelink Payout Schedule Changes 2024
The schedule of the centrelink payments is not revised frequently. But Centrelink provides the schedule for the upcoming year and here is the schedule:
| Issuing Date | Bank Deposit Date | Cheques Dates | Centrelink Payment Coverage Period |
| 9th January 2025 | 15th January 2025 | 29th January 2025 | 12th December 2024 -8th January 2025 |
| 6th February 2025 | 12th February 2025 | 26th February 2025 | 9th January 2025 – 5th February 2025 |
| 6th March 2025 | 12th March 2025 | 26th March 2025 | 6th February 2025 – 5th March 2025 |
| 3rd April 2025 | 9th April 2025 | 23rd April 2025 | 6th March 2025 -2nd April 2025 |
| 1st May 2025 | 7th May 2025 | 21st May 2025 | 3rd April 2025 -30th April 2025 |
| 29th May 2025 | 4th June 2025 | 18th June 2025 | 1st May 2025 -l 28th May 2025 |
| 26th June 2025 | 2nd July 2025 | 16th July 2025 | 29th May 2025 – 25th June 2025 |
| 24th July 2025 | 30th July 2025 | 13th August 2025 | 26th June 2025 -23rd July 2025 |
| 21st August 2025 | 27th August 2025 | 10th September 2025 | 24th July 2025 – 20th August 2025 |
| 18th September 2025 | 24th September 2025 | 8th October 2025 | 21st August 2025- 17th September 2025 |
| 16th October 2025 | 22nd October 2025 | 5th November 2025 | 18th September 2025 – 15th October 2025 |
| 13th November 2025 | 19th November 2025 | 3rd December 2025 | 16th October 2025 – 12th November 2025 |
| 11th December 2025 | 17th December 2025 | 31st December 2025 | 13th November 2025 – 10th December 2025 |
Centrelink Benefit Amount Changes 2024
The amount for the Centrelink payments like parenting payment, age pension, jobseeker payment, ABSTUDY, youth allowance, rent assistance also get revised with the raise in inflation. The centrelink benefits amounts differ for each payment. We have provided the link here for the revised amounts with the raise amount and previous amounts:
Fact Check: Australia Cost of Living Payout Date Changes 2024
It is reliable that the Centrelink revised the payments as per the cost of living. The latest revision to the centrelink amounts was done on 20th September 2024 and with this the centrelink also provided the revised schedule for the centrelink payments. We have provided the schedule changes and amount changes in the guide and the claimants can rely on this.
FAQ Related To Australia Cost of Living Payout Date Changes 2024
The Centrelink payments were revised on 20th September this year.
Yes, the Centrelink benefits are indexed to inflation.
The residents can know the revised amounts on their mygov account, centrelink page or the provided link above.
The claimants who are claiming the centrelink payments get the revised amounts automatically.
The residents can see the revised schedule on mygov account ot centrelink page.
