One-off help with power bills

As a result of a deal in the Senate, single pensioners will receive a one-off energy assistance payment of $75. Couples will receive $125.

This one-off payment will be made to Age Pensioners and Disability Support Pension and Parenting Payment recipients.

This was negotiated between Senator Nick Xenophon and the Australian Government to get a reduction in the company tax for companies with a turnover of less than $10 million a year from 30 per cent to 27.5 per cent. The deal also contained a number of other energy measures.

The Energy Supplement, worth up to $366 per year, will no longer be paid to new Commonwealth Seniors Health Card holders or Family Tax Benefit recipients. Those who received a Commonwealth Seniors Health Card after losing their pension as a result of the changes to the asset test on 1 January 2017 will continue to recieve the Energy Supplement, which will be paid quarterly.

The one-off payment energy assistance payment for pensioners is likely to be part of the Budget announcement on 9 May 2017. It is not yet known when the payment will be made.