The Australian Government has announced indexation changes to help ease financial pressure for eligible veterans and families by better supporting renters and increasing certain payments.
Renters will be supported with a significant increase of 15% to the maximum rate of Commonwealth Rent Assistance – the largest increase to this allowance in more than three decades.
Eligible recipients of the Veterans’ Children Education Scheme and the Military Rehabilitation and Compensation Act Education and Training Scheme will receive an increase of $40 per fortnight to their Education Allowance base rate.
Not only does the indexation of these payments help veteran families with the cost of living, certain fortnightly education allowances have also increased, ensuring veteran families are better supported.
These measures commenced on 20 September 2023 and are automatically applied to payment rates. You do not need to do anything. DVA has contacted eligible veterans and families directly.