The payment was first announced in Prime Minister Scott Morrison’s first stimulus package. 

Around 2.4 million pensioners will receive the payment, which will be provided to all Australians on the Age Pension.

Other groups that are eligible include: persons on Newstart, the disability support pension, carers’ allowance, youth allowance, veterans’ affairs payments and the family tax benefit.

Individuals holding a pensioner concession card, commonwealth senior health card or veteran gold card are also included.

People who receive any of the above payments or hold eligible cards are set to receive the cash automatically – they won’t need to do anything.

About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.