The BIG change coming to Centrelink on July 1
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<p>Those receiving Centrelink payments will soon automatically be required to report their employment income – and the government estimates it could save taxpayers up to $2.1 billion dollars.</p>
<p>In this year’s budget speech, the treasurer Josh Frydenberg announced the government expects to bank in the massive savings over five years by “simplifying and automating” the social security reporting system.</p>
<p>From July 1st, welfare recipients who are also employed will automatically input their fortnightly income, rather than calculating and reporting what they earn in order to earn their payments.</p>
<p>The decision to automate Centrelink’s “Single Touch Payroll” system and share income data across a number of departments will help calculate the correct amount of money that is owed to welfare recipients.</p>
<p>This announcement by the treasurer came under the same speech that is the federal budget’s single biggest savings measure in 12 years.</p>
<p>The $2.1 billion savings is expected to “greatly reduce” the likelihood of people receiving Centrelink payments to be overpaid, and in result be chased for the money back, the government said.</p>
<p>Eligibility measure and maximum payment rates will not be impacted.</p>
<p>Older Australians will also be receiving $282 million for 10,000 home care packages to help people remain in their homes. Frydenberg announced that topping up retirement accounts will be made simpler and less complex for seniors.</p>
<p>This policy will aim to help those who are struggling while living independently.</p>
<p>What do you think of the government's decision to automate this payment? Let us know in the comments below. </p>
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