$243.90 Australia Cost of Living Concession: With inflation stretching the households’ budgets across the country, most AU families look for extra income to cover their cost of living.
The Cost of Living Concession (COLC), as one of the schemes, is being provided by the South Australian Government to assist low-income earners, pensioners, and holders of concession cards. Some recent talk involves a $243.90 COLC payment for November 2024, leading to doubts about whether or not there will be another payment.
The Cost of Living Concession (COLC) is a financial support measure created by the Government of South Australia to assist the population in coping with the growth of costs of living expenditures.
This concession is particularly advantageous as it seeks to cover particular sensitive groups such as the low-income earner, pensioners and those bearing concession cards.
Further Interpretation Of The $243.90 Payment In Concept For November 2024
There is no 243.90 dollars COLC payment to be due in November 2024. The last COLC payments were:
- June 2024: A once-off payment of two hundred and forty-two dollars and ninety cents, given in acknowledgment of the increase in the cost of living and especially the electricity tariffs.
- August 2024: For example, the ordinary annual COLC remittance of $255.60 is paid to residents as per the normal timetable.
Eligibility For Cost Of Living Concession
- Residency Requirement: Applicants must be a resident of South Australia.
- Income Status: The concession is mainly applicable to the class B consumers which are defined in accordance with the government’s gross income standards.Â
- Concession Cardholders: There are restricted Health care concession cards like the Commonwealth Seniors Health Card or Pensioner Concession Card, they are qualified.
- Pensioners: Federal pension recipients – the Age Pension or Disability Support Pension – will also be eligible to get this payment.
