Tag: centrelink

Keating pushes to merge Centrelink with superannuation | Swan backs closer super, Centrelink ties…

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Keating pushes to merge Centrelink with superannuation

Former prime minister Paul Keating – the architect of the nation’s sprawling $4.5 trillion superannuation sector – has told the government to integrate its public social security system with the private retirement savings sector, in what would be the single biggest shake-up of the aged pension in decades.

The radical proposal to merge parts of Centrelink into the big superannuation funds came as Aware Super chief executive Deanne Stewart told a meeting that a growing number of retired Australians were drawing down only minimal amounts from their nest eggs because they feared running out of money.

A previous version of this story cited Wayne Swan as saying there was merit in Paul Keating’s idea to merge Centrelink and super. This has been clarified to reflect that Swan only agreed that super funds needed to provide more guidance in retirement.

Keating pushes to merge Centrelink with super; Dimon says this is ‘as good as it gets’; Strategy turns $10,000 into $354,520

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In today’s news, Paul Keating pushes to merge Centrelink with superannuation, Jamie Dimon says this is “as good as it gets”, and a “sweet spot” super strategy makes $10,000 grow to $354,520.

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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July 15, 2026
Keating pushes to merge Centrelink with superannuation | Swan backs closer super, Centrelink ties…

Explore the latest developments concerning Keating pushes to.

Keating pushes to merge Centrelink with superannuation

Former prime minister Paul Keating – the architect of the nation’s sprawling $4.5 trillion superannuation sector – has told the government to integrate its public social security system with the private retirement savings sector, in what would be the single biggest shake-up of the aged pension in decades.

The radical proposal to merge parts of Centrelink into the big superannuation funds came as Aware Super chief executive Deanne Stewart told a meeting that a growing number of retired Australians were drawing down only minimal amounts from their nest eggs because they feared running out of money.

A previous version of this story cited Wayne Swan as saying there was merit in Paul Keating’s idea to merge Centrelink and super. This has been clarified to reflect that Swan only agreed that super funds needed to provide more guidance in retirement.

Keating pushes to merge Centrelink with super; Dimon says this is ‘as good as it gets’; Strategy turns $10,000 into $354,520

Want to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day’s news in Market Wrap.

In today’s news, Paul Keating pushes to merge Centrelink with superannuation, Jamie Dimon says this is “as good as it gets”, and a “sweet spot” super strategy makes $10,000 grow to $354,520.

Gift 5 articles to anyone you choose each month when you subscribe.

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning Keating pushes to.

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July 15, 2026
Calls for Centrelink payment change as Australian economy ‘comes under pressure’ | Hundreds of th…

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Calls for Centrelink payment change as Australian economy 'comes under pressure'

There are renewed calls for Centrelink income support payments handed out to more than a million Aussies to be meaningfully increased as ongoing inflation and the “cost of living crisis” hits those on low incomes the hardest. Community groups say it is getting more difficult to live on unemployment benefits with recipients reporting skipping meals and turning to risky lines of credit.

Anglicare has released its Cost of Living Index 2026 which this year focused on people receiving working-age income support payments. It showed a single person on JobSeeker was potentially falling behind by $251 a week after paying for rent, food and transport.

Hundreds of thousands of Centrelink payments cancelled illegally, Albanese government admits

Senate estimates hearing told issues caused by a glitch in the automated system that runs the controversial mutual obligations scheme

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The government has admitted it illegally cancelled hundreds of thousands of Centrelink payments because of a glitch in the automated system that runs the controversial mutual obligations scheme, it has been revealed.

Speaking at senate estimates on Wednesday, representatives for the Department of Employment and Workplace Relations said the number of illegal cancellations, where people were not given enough time to reconnect to a job provider after missing a compulsory activity as part of their mutual obligations, was in “the vicinity” of 300,000.

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ACOSS calls on government to scrap Centrelink's Targeted Compliance Framework

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June 9, 2026
Major Centrelink boost coming to parental leave entitlements | More Parental Leave Pay days from …

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Major Centrelink boost coming to parental leave entitlements

Parents will soon be given 10 more days of paid parental leave from the government.

Starting from July 1, parents will have 130 days of paid leave through Centrelink, or about six months of full-time work.

The government-paid scheme will only apply for children born or adopted after the starting date.

“If you claim before July, your Parental Leave Pay balance will be 120 days,” Services Australia said.

“Once you give us proof your child was born or entered your care from 1 July 2026, we’ll add an extra 10 days to your balance.”

The six-months of time off currently only applies for one parent but the other will also receive an increase parental leave from 15 to 20 days.

Major Centrelink change to boost leave payments for new Aussie parents by $1,800

Parents will soon be able to access more paid parental leave from the government. From July 1, Services Australia will increase the number of parental leave pay days you can get to 130 days or 26 weeks.

The amount of paid parental leave available to families through Centrelink has been increasing by two weeks since July 1, 2024. This year marks the final planned increase and means families will receive around $24,000 in government-funded leave over the six-month period.

Currently, parents with children born since July 1, 2025, receive 120 days of paid parental leave, or 24 weeks. To receive the increased 130 days, your child will need to be born or adopted in the new financial year.

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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March 27, 2026
Centrelink Age Pension payment rates, cut-off limits to change for 2.5 million in weeks | Time fo…

Explore the latest developments concerning Centrelink Age Pension.

Centrelink Age Pension payment rates, cut-off limits to change for 2.5 million in weeks

Australians receiving the Age Pension will see their payments increase in a few weeks, along with the cut-off limits for the income and asset tests. This means more than 2.5 million age pensioners will be able to earn slightly more money and have higher-value assets than before.

From March 20, a number of changes to social security payments, rates and limits will kick in as part of regular indexation. This will see more than five million people receive more money in their bank accounts each fortnight.

Single pensioners will receive an extra $22.20 per fortnight, with the total rate increasing to $1,200.90. Couples will see a $16.70 lift in their payments each, with the amount each partner receives going up to $905.20.

Time for Pensioners to Get Aggressive

Pensioners urged to be aggressive with cash as March deeming rates rise to 1.25% and 3.25%; beating returns could protect income.

Australian pensioners are facing a major challenge with the old pandemic days of super-low deeming rates fading into the distant past.

Now, seeking the best deposit return has become a much more serious and worthwhile approach.

It is also worth noting in passing that the higher deeming rates may reduce and even eliminate the part-pension for some who are close to the limits of the income test.

While equalling or beating the latest higher deeming rates is more of a challenge than it used to be, it is one that the government actuary has assessed as being possible, which would mean no reductions in the overall income if those returns can be achieved.

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Pension Eligibility Warning: Act Now or You Could Miss Out on Your Australia Age Pension 2026

Pension Eligibility Warning – For Perth resident John Marshall, turning 67 in early 2026 was supposed to signal a smooth transition into retirement. After decades in construction, he assumed his Age Pension would begin automatically once he reached the qualifying age.

“I thought it would just roll over,” John says. “No one told me I actually had to apply.”

Across Australia in 2026, authorities are issuing a clear message: the Age Pension is not automatic. If you don’t apply on time, you could miss out on weeks — or even months — of payments.

The pension age remains 67 in 2026, but stricter administrative checks and digital verification requirements mean timing is critical.

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March 6, 2026
Centrelink cancellation warning as letters sent out over $663 fortnightly payment: ‘It’s time’ | …

Explore the latest developments concerning Centrelink cancellation warning.

Centrelink cancellation warning as letters sent out over $663 fortnightly payment: 'It's time'

Australians who receive Youth Allowance and ABSTUDY payments from Centrelink are being urged not to ignore an important letter from the government department. If they do, they could risk their payment being stopped or suspended altogether.

If you're entitled to the payments, each September and October Services Australia will send a letter asking about your parents’ or guardian’s income if you are a dependent. This helps work out your payment rate and it may increase or decrease depending on how much your parents earn.

“If you get Youth Allowance or ABSTUDY, and we sent you a letter asking for your parents’ or guardians’ income, it’s time to get it to us,” Services Australia said.

Thousands of Centrelink recipients warned payments could be cut off as deadline looms for income update

Centrelink users who receive Youth Allowance and AUSTUDY have been sent letters asking to declare their parents or guardian’s income if they are dependents.

Youth Allowance is the benefit available to those aged 16 to 24 years old, who are training or studying full time. The payment is currently up to $663.30 per fortnight, for recipients living away from home.

ABSTUDY offers similar support but is specifically designed for Aboriginal and Torres Strait Islander students.

Services Australia sends out the letter every September to October reports Yahoo, asking for the crucial information, which helps determine the recipient’s payment rate.

Users were warned not to ignore the letter, which could impact payments.

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Important Reminder for Youth Allowance and ABSTUDY Recipients on Parental Income Confirmation

Home » Trending » Important Reminder for Youth Allowance and ABSTUDY Recipients on Parental Income Confirmation

Australians who are beneficiaries of Youth Allowance and ABSTUDY payments from Centrelink are being urged to pay close attention to an important communication from Services Australia that could impact their financial assistance. Each year, during September and October, the government department sends out letters requesting confirmation of the income of recipients’ parents or guardians. Those who do not respond risk having their payments halted or suspended.

For individuals receiving these payments while classified as dependents, it is essential to comply with the requests made in the letter to ensure the correct assessment of payment rates. The information provided can lead to an increase or decrease in benefits, contingent upon the income declared by the parents or guardians.

For more detailed information, explore updates concerning Centrelink cancellation warning.

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November 11, 2025
Centrelink cancellation warning as letters sent out over $663 fortnightly payment: ‘It’s time’ | …

Explore the latest developments concerning Centrelink cancellation warning.

Centrelink cancellation warning as letters sent out over $663 fortnightly payment: 'It's time'

Australians who receive Youth Allowance and ABSTUDY payments from Centrelink are being urged not to ignore an important letter from the government department. If they do, they could risk their payment being stopped or suspended altogether.

If you're entitled to the payments, each September and October Services Australia will send a letter asking about your parents’ or guardian’s income if you are a dependent. This helps work out your payment rate and it may increase or decrease depending on how much your parents earn.

“If you get Youth Allowance or ABSTUDY, and we sent you a letter asking for your parents’ or guardians’ income, it’s time to get it to us,” Services Australia said.

Thousands of Centrelink recipients warned payments could be cut off as deadline looms for income update

Centrelink users who receive Youth Allowance and AUSTUDY have been sent letters asking to declare their parents or guardian’s income if they are dependents.

Youth Allowance is the benefit available to those aged 16 to 24 years old, who are training or studying full time. The payment is currently up to $663.30 per fortnight, for recipients living away from home.

ABSTUDY offers similar support but is specifically designed for Aboriginal and Torres Strait Islander students.

Services Australia sends out the letter every September to October reports Yahoo, asking for the crucial information, which helps determine the recipient’s payment rate.

Users were warned not to ignore the letter, which could impact payments.

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Important Reminder for Youth Allowance and ABSTUDY Recipients on Parental Income Confirmation

Home » Trending » Important Reminder for Youth Allowance and ABSTUDY Recipients on Parental Income Confirmation

Australians who are beneficiaries of Youth Allowance and ABSTUDY payments from Centrelink are being urged to pay close attention to an important communication from Services Australia that could impact their financial assistance. Each year, during September and October, the government department sends out letters requesting confirmation of the income of recipients’ parents or guardians. Those who do not respond risk having their payments halted or suspended.

For individuals receiving these payments while classified as dependents, it is essential to comply with the requests made in the letter to ensure the correct assessment of payment rates. The information provided can lead to an increase or decrease in benefits, contingent upon the income declared by the parents or guardians.

For more detailed information, explore updates concerning Centrelink cancellation warning.

For more news…

November 11, 2025