Advertisement
Australia markets closed
  • ALL ORDS

    7,999.20
    -83.90 (-1.04%)
     
  • ASX 200

    7,727.60
    -84.20 (-1.08%)
     
  • AUD/USD

    0.6619
    +0.0009 (+0.14%)
     
  • OIL

    76.21
    -0.66 (-0.86%)
     
  • GOLD

    2,342.10
    +4.90 (+0.21%)
     
  • Bitcoin AUD

    101,728.87
    -3,546.38 (-3.37%)
     
  • CMC Crypto 200

    1,416.15
    -51.95 (-3.54%)
     
  • AUD/EUR

    0.6104
    0.0000 (0.00%)
     
  • AUD/NZD

    1.0826
    -0.0002 (-0.02%)
     
  • NZX 50

    11,783.39
    -26.09 (-0.22%)
     
  • NASDAQ

    18,623.39
    -81.82 (-0.44%)
     
  • FTSE

    8,310.59
    -28.64 (-0.34%)
     
  • Dow Jones

    39,065.26
    -605.78 (-1.53%)
     
  • DAX

    18,624.53
    -66.79 (-0.36%)
     
  • Hang Seng

    18,608.94
    -259.77 (-1.38%)
     
  • NIKKEI 225

    38,646.11
    -457.11 (-1.17%)
     

Federal Budget 2024: $300 energy bill rebates coming for all Aussie households

Every Australian household will receive a $300 energy bill rebate, under a new cost-of-living measure announced in the Federal Budget.

Video transcript

Every Australian household will receive a $300 energy bill rebate Under a new cost of living measure announced in the federal budget, The government will provide $3.5 billion in energy bill relief for all households and around 1 million small businesses.

This will go straight into people's bills, meaning households won't receive cash but a discount.

Instead, more than 10 million households will receive the $300 rebate, while small businesses will get a slightly higher $325 off their bills from July 1st 2024.

The government said the measure will lower headline inflation by about a half a percent in the 2024 to 2025 financial year and won't add to inflationary pressures.