COVID-19 support payments will be wound back as vaccinations rise. So what do the experts say willl happen?
3 years, 2 months ago

COVID-19 support payments will be wound back as vaccinations rise. So what do the experts say willl happen?

ABC  

Disaster payments that have supported more than 2.1 million people are being wound back as COVID-19 vaccination rates rise and restrictions ease. But the federal government announced last month the payments would reduce and end as states and territories hit a vaccination rate of 70 and 80 per cent of the population aged 16 and over. "For those who haven't already returned to the workforce following the end of the temporary payment as the economy opens up, the social security system will support eligible individuals back into work," he said. 'Devil is in the detail' AMP Capital chief economist Shane Oliver says it is "high risk" to tie the removal of payments to vaccination targets, "rather than to actual economic conditions and particularly the state of the jobs market". Nicki Hutley of Social Outcomes says it's the right time to wind back special supports, "but it is inevitably the most vulnerable who will be affected".

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