Energy Rebate

Energy Rebates – What does it mean for my Retirement Village Residents?

As retirement village managers, you are often the first point of contact for residents with questions about new policies and benefits. One of the significant announcements in the Australian Federal Budget 2024-25 is a $300 energy rebate aimed at alleviating rising energy costs.

Since the announcement of the rebate, the DCM Institute has received a number of queries on how it will work. So, to save you the hassle of looking, we have broken down what we know – so far.

Eligibility and Distribution
  • Every Australian household will receive the $300 energy rebate, applied directly to their electricity bills.
  • The rebate is not distributed per person but per household. This means each household gets a single rebate, regardless of the number of occupants.
  • The rebate will be credited automatically by energy providers, meaning the rebate will not go into a person’s bank account, rather it will save them on their quarterly bill.
Rebate Application
  • No application is necessary.
  • The $300 will be divided across four quarterly bills, resulting in a $75 reduction per quarter.
  • If residents pay their bills more frequently, such as monthly, the $75 credit will be applied to every third bill.
Special Considereation for Embedded Networks

For households within embedded networks, such as many retirement villages, the process is slightly different, and still to be disclosed. From what we can gather, further details will be provided by the Government before July 1.

Additional State and Territory Rebates

In addition to the federal rebate, various states and territories offer their own energy concessions and rebates:

  • New South Wales: Seniors may qualify for the $200 Seniors Energy Rebate and other concessions.
  • Victoria: A $250 rebate for using the state’s energy comparison website.
  • Queensland: An additional $1,000 credit for all households.
  • Western Australia: A $400 credit plus other specific rebates for air conditioning and dependent children.
  • Tasmania: A $250 credit on the first bill of the next financial year.
  • Northern Territory: A $1,200 annual Electricity Concession for eligible residents.
  • Australian Capital Territory: A $750 Utilities Concession for eligible residents.

The $300 energy rebate, along with various state and territory concessions, offers substantial relief to manage rising energy costs. By staying informed and assisting residents with the necessary steps, you can help them benefit fully from these initiatives. This support can make a significant difference in easing the financial burden of energy bills for your community.

The information provided is current as at the time of publishing. For further information and assistance, Village Managers and residents should refer to their local state or territory government websites or contact their energy providers directly.

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