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Overseas Student Health Cover (OSHC) is a compulsory health insurance product required by the Australian Government for international students studying in Australia. It is an insurance product that gives international students a level of insurance coverage based on the Australian Medicare system.
Australian Payments Network Limited (AusPayNet), formerly the Australian Payments Clearing Association (APCA) [1] is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia.
The New Payments Platform (NPP), operated by New Payments Platform Australia Ltd (NPPA) [1] is an industry-wide payments platform for Australia. It became accessible to the general public on 13 February 2018 [ 2 ] with the introduction of PayID, an addressing capability, and Osko , [ 3 ] the first NPP overlay service, operated by BPAY .
In 2020, as a result of the COVID-19 pandemic and to assist people in isolation and encourage Australia's economic recovery, supplementary payments were added to the basic welfare payments. An additional A$550 per fortnight 'Coronavirus Supplement' was paid, originally only for six months, starting on 27 April and finishing on 24 September 2020.
The Australian Payments Council was established in August 2014. [4] The initial member organisations drawn from the wider Payments Community to form the Payments Council were: ANZ, APCA, Commonwealth Bank, Cuscal, eftpos Payments, First Data, National Australia Bank, PayPal, RBA, Suncorp-Metway, Visa, Westpac and Woolworths.
The number of monthly cheque transactions in 2008 was 33.7 million with a value of $139.3 billion. [4] Cheque use is in decline worldwide, but it is declining faster in Australia than many other countries. Between 2010 and 2014, cheque use in Australia declined by 42.8% with just over seven cheques written per person in 2014.
Centrelink logo until 2012. The Centrelink Master Program, or more commonly known as Centrelink, is a Services Australia master program [2] of the Australian Government.It delivers a range of government payments and services for retirees, the unemployed, families, carers, parents, people with disabilities, Indigenous Australians, students, apprentices and people from diverse cultural and ...
It is also possible to make voluntary payments to further reduce the debt. Until 31 December 2004 voluntary payments over $500 earned a 15% bonus, from 1 January 2005 this was reduced to 10% and from 1 January 2012 this was reduced to 5%. [27] [28] From 1 January 2017 the Government removed the 5% repayment bonus.