The Cost of Living Payment is a $250 one-off payment that the Australian Government is providing to assist with the rising cost of living.
The Cost of Living Payment is not taxable and you don’t need to report it as income.
You’ll get it if you’re residing in Australia on 29 March 2022, and either:
getting an eligible payment
have an eligible concession card.
You’ll only get one Cost of Living Payment, even if you get more than one eligible payment or concession card.
The Cost of Living Payment is paid automatically. You do not need to apply.
Payments will start from the end of April 2022.
This is an external link that will take you to the Services Australia Website.
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