Almost five million Australians will get a much-needed increase to their welfare payments as the government steps in to ease the cost of living burden.
The adjustments will be the largest indexation increase of welfare payments Australia has seen in almost 30 years.
The boosts to a variety of payments, including pensions and JobSeeker, are part of a recalibration tied to the Consumer Price Index, which measures inflation in the country.
Age Pension, Disability Support Pension and Carer Payment will rise $38.90 a fortnight for singles and $58.80 a fortnight for couples.
The maximum rate of a pension rises to $1,026.50 a fortnight for singles and $773.80 for each person of a pensioner couple, or $1,547.60 per couple.
JobSeeker for singles without children will increase $25.70 a fortnight to $677.20.
The Parenting Payment Single will rise $35.20 a fortnight to $927.40.
The rate for partnered JobSeeker Payment and Parenting Payment recipients will increase $23.40 a fortnight to $616.60.
ABSTUDY and Rent Assistance recipients will also get a top up.
And Aussies are braced for another jolt at the end of the month, when the fuel tax excise holiday expires.
The 44-cent excise tax on fuel was slashed to 22 cents before the federal election.
Treasurer Jim Chalmers has ruled out extending the fuel discounts.
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