Australia $700 Cash Boost 2024: Eligibility, Payment Dates & Who Gets It

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With the rising cost of living continuing to impact households, the Western Australian (WA) Government has announced a $700 Cash Boost in 2024 to help residents manage their energy expenses. This initiative aims to provide financial relief to both households and small businesses, ensuring that energy costs remain manageable during peak usage seasons. Below, we break down the eligibility requirements, payment schedule, and application process to help you claim your rebate.

Key Details of the WA $700 Cash Boost

CategoryDetails
Total Rebate Amount$700 per household, issued in two installments ($350 each)
EligibilitySynergy and Horizon Power customers receive automatic payments; others must apply via Revenue WA
Payment ScheduleFirst payment: July-August 2024
                       Second payment: December-January 2024-2025 |

| Support for Businesses | Small businesses using under 50 MWh annually qualify for a $725 rebate, paid in two parts | | Funding Source | WA Government and Commonwealth Government under a $492 million relief package | | Application Process | Automatic for Synergy and Horizon Power users; others must apply via Revenue WA | | Additional Assistance | Energy Assistance Payment (EAP) available for pensioners, veterans, and low-income earners |

Understanding the $700 Cash Boost Initiative

The $700 Cash Boost is a financial relief initiative designed to help WA residents manage the increasing cost of electricity. By distributing payments in two parts—once in mid-year and once at year-end—this measure provides support during peak energy consumption periods, such as winter and summer.

This initiative is part of a broader $492 million government effort to address cost-of-living pressures across Western Australia, ensuring that struggling families and small businesses receive adequate financial aid.

Eligibility and How to Claim the Payment

Who Qualifies for the Cash Boost?

Western Australian residents who receive electricity services from Synergy or Horizon Power will automatically have the rebate credited to their bills. There is no need for these customers to apply.

For residents and small businesses using alternative electricity providers, an application must be submitted through Revenue WA to access the rebate.

Steps to Apply (For Non-Synergy/Horizon Power Users):

  1. Visit Revenue WA’s Official Website – The application form and eligibility details can be found there.
  2. Submit Required Information – Provide relevant details, including your electricity provider information and proof of residency.
  3. Receive Confirmation – Once your application is processed, you will be notified about your rebate status.
  4. Payment Processing – Approved applicants will receive the rebate either as a direct bank transfer or as a credit on their electricity bill.

Payment Distribution Timeline

The payments will be released in two installments:

  • First Payment: A $350 credit applied to energy bills between July and August 2024.
  • Second Payment: An additional $350 credit applied during the December 2024 – January 2025 period.

For small businesses, the rebate is slightly higher at $725, with payments split into two parts—$325 and $400.

Additional Support Measures

In addition to the $700 Cash Boost, certain residents may qualify for extra financial support through the Energy Assistance Payment (EAP). This additional relief is available to:

  • Low-income households
  • Pensioners
  • Veterans
  • Health Care Card holders

Other Cost-of-Living Relief Across Australia

While WA residents benefit from this initiative, other Australian states have introduced similar cost-of-living relief measures:

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