Wanted: retirees for cash handout
Community Services Minister Jenny Macklin. Photo: Craig Sillitoe
SOMETIMES it's difficult to give away money.
Community Services Minister Jenny Macklin has $55 million in compensation she wants to hand to 281,000 self-funded retirees ahead of the carbon tax on July 1.
She has the bank account details for all but 9000 of them. Those 9000 aren't particularly interested in receiving handouts. They haven't given Centrelink their details because they don't claim the existing $842.40 per annum seniors' supplement to which they are entitled.
On offer are one-off compensation payments of $250 for single retirees and $380 for couples. They are due to hit bank accounts in the week beginning June 25. Any delay will mean the money is spent in 2012-13 rather than 2011-12, threatening a scheme designed to keep payments out of the year the budget is forecast to return to surplus.
No compensation is scheduled to be paid to pensioners or retirees in 2012-13, the year the carbon tax actually begins. After the upfront payment in June this year pensioners and retirees will not receive another until July 2013, when the first ongoing quarterly payment is due.
Ms Macklin yesterday called on the 9000 uninterested retirees to come forward. ''While Labor is delivering extra payments, Tony Abbott and the Liberals are planning to claw back money from self-funded retirees, pensioners and families,'' she said.