Australians on lower incomes will start receiving their second $750 economic support payment this week.
The payment will be made to around five million Australians at a cost of $3.8 billion as part of the Morrison government’s support measures in the face of the coronavirus pandemic.
Treasurer Josh Frydenberg said there were no plans for a third round of payments.
“This cash payment is part of a comprehensive suite of measures we have announced,” he told ABC on Monday morning.
He said the next phase of income support for beyond September would be announced next week.
The first $750 payment was delivered in March and April.
The payments go to social security, veteran and other income support recipients and eligible concession card holders.
Mr Frydenberg, in a joint move with Social Services Minister Anne Ruston and Government Services Minister Stuart Robert, said the payments provide an economic lifeline to millions of Australians at a time when they need it most.
Mr Robert said there is no need to do anything to get the assistance.
“If eligible, people will see the $750 payment arrive in their bank account between 15 July 2020 and the end of July 2020,” he said.
Also this week, the early birds who have lodged their tax returns already will start receiving any refunds owed to them.
Nearly a million Australians filed tax returns between July 1 and 9, an 11 per cent increase on the same time last year.