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Showing 1 - 10 of 11 results for "Commonwealth Rent Assistance"

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... the annual rise of 5.1% in October." Since its introduction on 20 September 2023, the increase in Commonwealth Rent Assistance has reduced out-of-pocket rent costs for eligible tenants. Marquardt said that by excluding these changes to rent assistance ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... struggling in the context of global economic conditions. "We especially applaud the budgeted increase of Commonwealth Rent Assistance (CRA) of 15% to Australians that need it the most to help them navigate this cost-of-living crisis which will help alleviate ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... holders up to $43.80 each year per medicine. Some renters: Around 1.1 million households receiving Commonwealth Rent Assistance will receive a 15% increase in their support payments, or up to $31 extra each fortnight. Income support recipients: While ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... families," he said. In supporting a significant number of women, particularly older women, who rely on Commonwealth Rent Assistance, Labor will increase the maximum rates by 15%, costing about $2.7 billion over five years in order alleviate cost-of-living ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... the panel a specific increase to maximum rate of rental assistance by 40%. "Increasing the rate of Commonwealth Rent Assistance will only have a small impact. A new approach is required," the report said. In addition, the RIR found this increase would ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... wealth, a renter receives about $4000 less Age Pension per year. "Compared with the Age Pension, Commonwealth Rent Assistance is more targeted to lower-wealth households," it said. "About 20% of Age Pension expenditure goes to the top two wealth quintiles ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... $100 per week from April 2021 ($2 billion plus and $8 billion plus over the two years), increasing Commonwealth Rent Assistance by 40% ($1 billion, $1.5 billion), and increasing childcare subsidies to improve incentives to return to work ($4 billion ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... pre-school aged child. The firm also wants to see super contributions given to all people receiving Commonwealth Rent Assistance - the bulk of which are women. KPMG said such a move would prove highly beneficial given their limited ability to supplement ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
... increase should be scrapped, age pension test asset test taper should be relaxed and maximum rate of Commonwealth Rent Assistance should be increased. A key finding was the budget could reclaim $2 billion by scrapping the ramp up of compulsory super ...

Income only falls by 11% in retirement: Grattan

KANIKA SOOD  |  TUESDAY, 16 APR 2019
... and save $2 billion a year. Instead, the Government should focus on boosting the maximum rate of Commonwealth rent assistance by 40% which could be worth more than $1400 a year for a single retiree, it said. "The main beneficiaries from a higher Super ...
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