Australian Prime Minister Anthony Albanese announced that Australian Government disaster payments will be rolled out from today to eligible residents in 23 local government areas affected by extreme storms and flooding. These storms and floods continue to impact large areas of Metropolitan Sydney as well as east coast of New South Wales.
The one-off, non-means tested Australian Government Disaster Recovery Payment of AU$1000 per eligible adult and AU$400 per eligible child would be given to people residing in the local government areas and have experienced significant losses due to flood including a severely damaged or destroyed home or a serious injury.
The Disaster Recovery Allowance would be provided to support employees and sole traders who experienced loss of income due to this disaster. Disaster Recovery Allowance is payable for a maximum 13 weeks and is taxable.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.