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Special Benefit – for people who are in financial hardship, have no way of supporting themselves and are not entitled to another payment (normally due to residency requirements) Youth Allowance – for full-time students or New Apprentices aged 15 (under some circumstances) 16 to 24 and people aged under 21 who are undertaking job search or a ...
In 2020, the Australian Council of Social Service released a report stating that relative poverty was growing in Australia, with an estimated 3.2 million people, or 13.6% of the population, living below the internationally accepted relative poverty threshold of 50% of a country's median income. The report also estimated that 774,000 children ...
A dramatic episode in Australian history followed Lyons first electoral victory. When NSW Premier Jack Lang refused to pay interest on overseas State debts, the Lyons government stepped in and paid the debts and then passed the Financial Agreement Enforcement Act to recover the money it had paid.
The 2023–24 Australian federal budget is the federal budget to fund government services and operations. The budget was presented to the House of Representatives by Treasurer Jim Chalmers on 9 May 2023. It was the second budget handed down by the Australian Labor Party since their election to government in 2022.
The Australian Government has also established a program to provide low-interest loans via private financial institutions which receive a subsidy from the Government. The program is known as the Exceptional Circumstances Interest Subsidy support scheme.
ASIC is also responsible for consumer protection in the financial services area (including superannuation). It also monitors funds' compliance with the FSR. MoneySmart is a website run by the Australian Securities and Investments Commission (ASIC) to help people make smart choices about their personal finances.
It refers to an Australian who continues to struggle in the face of hardship. It is a term of respect and endearment, not simply used to assess someone's financial situation; the ordinary working Australian earning a living against the odds.
A variety of pegs to sterling applied until December 1931, when the government set a rate of £1 Australian = 16 shillings sterling (£1·5s Australian = £1 sterling; A£1.25 = £1 sterling). While wool-growing remained at the centre of economic activity, a variety of new goods, such as wheat, dairy and other agriculturally-based produce ...