But JobKeeper is not the only financial change coming in April.
Here s what you can expect:
Private Health Insurance price hikes
From April 1 more than 11 million Australians who hold private health insurance policies will face an average price hike on their premium of about 2.7 per cent.
For most people, this will be the second price hike in six months.
Taylor Blackburn, insurance expert at Finder, says too many Australians are not shopping around enough to get the best value from their private health insurance. Now is the perfect time to reassess your health cover and lock in the best possible price before the April increase, Mr Blackburn said.
Podcast: Insecure work, unemployment, and Australia after the COVID-19 crisis policyforum.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from policyforum.net Daily Mail and Mail on Sunday newspapers.
Fifty dollars sounds like a lot. But the increase in the JobSeeker unemployment benefit announced by Prime Minister Morrison on Tuesday is $50 per fortnight, which is just $25 per week. It will replace the temporary Coronavirus Supplement of $75 per week, which is itself well down on the $275 per week it began at in March last year. It’s hard to see the increase as anything
Cuts to the JobSeeker COVID-19 supplement could cost 40,000 jobs, says Grattan Institute
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FebFebruary 2021 at 10:42pm
The Grattan Institute says cuts to the JobSeeker payment next month could increase unemployment by up to 40,000 people.
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Up to 40,000 Australians could lose their jobs after the federal government cuts the JobSeeker payment from April, according to new analysis.
Key points:
JobSeeker is being cut by $50 a week from current levels on April 1
The Grattan Institute says that will likely push the unemployment rate up by 0.15 percentage points due to lower spending power for unemployed people
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I think it is a desperate attempt by Robertson to try and set up the RBNZ as the people who cop the blame for the shambles that this Government has been making of the housing market for the last three and a half years.
I suspect it will backfire on him (Robertson). Orr is far to smart to allow Robertson to get away with such a transparent attempt to pass the parcel.
Orr is quite likely to take it as an invitation to tell Robertson, publicly, what he thinks will be required to fix the housing situation. Nothing he proposes will be something the the RBNZ can do. Everything will be something that requires fiscal action by Robertson himself. It will be on the basis of If you don t do this it will get worse . What he will suggest is very unlikely to be acceptable to the Government but Orr can then continue in the future to propose that if the Government had only followed our advice…… etc .