BOOKIES AND TREASURERS
THEY ALWAYS TAKE MONEY FROM THE LOOSERS
People made redundant recently such as the workers at the recently closed power station will be bowled by an under arm delivery in the budget. THIS IS NOT CRICKET!
The little-noticed budget measure will see waiting periods increased for single people with more than $12,000 in the bank seeking to apply for welfare, increasing to $24,000 for couples or a single with dependants.
For someone with at least $18,000 in the bank, the waiting period will increase to 26 weeks. Previously, the government had capped waiting periods at 13 weeks for anyone with $11,500 or more in liquid assets, or $23,000 for couples.
Social Services Minister Christian Porter said the increase was "to ensure job seekers remain self-reliant and focused on securing work before entering the welfare system".
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