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$500 pre-paid cards for NT seniors

By Grace Ormsby · February 20 2020
Reading:
egg

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$500 pre-paid cards for NT seniors

By Grace Ormsby
February 20 2020
Reading:
egg
Darwin City

$500 pre-paid cards for NT seniors

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By Grace Ormsby · February 20 2020
Reading:
egg
Darwin City

A seniors recognition scheme in the Northern Territory sees all residents aged 65 or older provided with a $500 annual payment to help with the costs of common expenses.

According to the Northern Territory government, the prepaid cards – first introduced last year, but as of now rolled out further – help seniors with the cost of travel, accommodation, electricity, water and fuel, and replace previously used paper travel vouchers, and acknowledge “the contribution of all senior Territorians”.

This will allow eligible seniors to have immediate access to their annual payment.

According to the Minister for Territory Families, Dale Wakefield, the NT Seniors Recognition Scheme is “the most generous scheme in the country”.

“We value our senior Territorians and their vital role in our families and community, as well as their contribution to our economy,” he commented.

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The scheme was part of a wider reform to the former NT Pensioner and Carer Concession Scheme in 2018.

The move across to a prepaid card from paper vouchers and a reimbursement method “is a win for senior Territorians and businesses in this program, as it eases administrative burdens and ensures that we are delivering a scheme that is robust and guards against fraud and rorting”, Mr Wakefield concluded.

$500 pre-paid cards for NT seniors
Darwin City
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About the author

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.

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About the author

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.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

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