Australia markets closed
  • ALL ORDS

    7,078.90
    -28.20 (-0.40%)
     
  • ASX 200

    6,800.40
    -23.30 (-0.34%)
     
  • AUD/USD

    0.7717
    -0.0050 (-0.65%)
     
  • OIL

    51.98
    -1.15 (-2.16%)
     
  • GOLD

    1,855.50
    -10.40 (-0.56%)
     
  • BTC-AUD

    41,742.46
    -580.32 (-1.37%)
     
  • CMC Crypto 200

    651.44
    +41.45 (+6.79%)
     
  • AUD/EUR

    0.6336
    -0.0044 (-0.69%)
     
  • AUD/NZD

    1.0737
    -0.0017 (-0.16%)
     
  • NZX 50

    13,333.43
    +221.24 (+1.69%)
     
  • NASDAQ

    13,366.40
    -38.59 (-0.29%)
     
  • FTSE

    6,695.07
    -20.35 (-0.30%)
     
  • Dow Jones

    30,996.98
    -179.03 (-0.57%)
     
  • DAX

    13,873.97
    -32.70 (-0.24%)
     
  • Hang Seng

    29,447.85
    -479.91 (-1.60%)
     
  • NIKKEI 225

    28,631.45
    -125.41 (-0.44%)
     

Thousands of families to score $150 boost

Lucy Dean
·2-min read
Australian cash money in mans jeans pocket, close up.
Image: Getty

Thousands of families across the Northern Territory will be eligible for a $150 financial boost as the state government rolls out subsidies for school students.

The government will issue $150 for all government and non-government school students and preschools, with the money to be spent on educational services and items like uniforms, school photos, excursions or stationery.

“When you invest in children, you invest in the future of the Northern Territory which is why we’re offering every Territory kid $150 towards school expenses,” state Minister for Education, Lauren Moss said.

“It doesn’t matter where you are in the Territory or what school your child attends, this $150 is accessible at the school your child is enrolled at and can be used for a variety of educational items or services.”

How does it work?

All families are eligible for the $150 payments per child which are redeemed through their school or pre-school.

Families of children transitioning into year 12 can access the subsidy in term one, but the entitlement must be used by the end of the term.

Pre-schoolers will be eligible for the $150 throughout the year, but is only valid for use until the end of the first term that they are enrolled in.

The school will decide which goods and services are valid for the offer, which can also include flash drives, book bags, textbooks, ID cards and elective activities.

The payments can’t be used for canteen purchases, voluntary parent contributions or as cash. It also can’t be transferred between students or schools, or for purchasing goods from suppliers outside of the school.

Sign up to Yahoo Finance’s 6-week financial bootcamp here and master your money in 2021.
Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter.