Treasury advised the PM and premiers not to deliver the rebates as cash handouts due to risk of fuelling inflationary pressure
Canberra and the states have agreed to cap coal and gas prices, and provide additional rebates for Australians on low and middle incomes, as part of a $1.5bn intervention that will shave hundreds of dollars off power bills.
The rebates will be applied directly to power bills, rather than cash handouts. People on income support, pensioners, holders of a seniors health card, recipients of the family tax benefit and small businesses will be eligible for the relief, with the states to match the commonwealth contribution dollar for dollar.
In a press conference from his Sydney residence, Anthony Albanese said the package finalised by national cabinet was necessary given “extraordinary times”. Albanese – who is isolating after contracting Covid-19 – told reporters Friday’s actions were unusual, but necessary, given the crippling impact of high power prices on households and businesses.
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