Certain income support and supplementary payments will see an increase in the latest round of indexation, including Youth Allowance, Austudy, Youth Disability Support Pension and Carer Allowance. 

The Federal Labor Government remains deeply committed to helping Australians manage cost of living pressures and assisting them with a strong social security safety net when they need it.  

For single recipients of Youth Allowance with dependent children, payments will increase by $30.60 to a maximum rate of $845.80 a fortnight (including Energy Supplement). 

Partnered recipients of Youth Allowance without dependent children will receive a payment increase of $24.30, bringing the maximum rate to $670.30 a fortnight (including Energy Supplement). 

For over 600,000 carers, indexation will increase Carer Allowance payments by $5.80, bringing the rate to $159.30 per fortnight. 

Single or partnered recipients of Austudy with no dependent children will also see an increase to their payment, bringing their fortnightly total to $670.30 (including Energy Supplement). 

The maximum rates of ABSTUDY Living Allowance for Masters and Doctorate students will increase to $1,285.40 a fortnight, and the parental income test threshold for Youth Allowance will see an increase to $65,189 a year.

The complete list of payments increasing today, 1 January 2025, including income and asset limits, can be found on the Department of Social Services website.


QUOTES ATTRIBUTABLE TO THE FEDERAL MEMBER FOR BENDIGO, LISA CHESTERS MP:

“The ushering in of a new year will also see vital Federal Government support payments like youth allowance increase. These changes go a long way to providing relief to those in need.

"Local youth allowance recipients are working hard to build a better life for themselves through further study or training.

"It’s important this payment and other vital Federal Government payments move in line with increases to the cost of living so nobody gets left behind.