Queensland Budget provides cost of living relief

As we turned the leaf over to a new financial year, many of the $11.2 billion nation-leading cost of living measures in the 2024–25 State Budget came into effect.

This includes the $1000 in electricity bill support payments for Queensland households, from 1 July 2024, paid for with the Queensland Government’s progressive coal royalties.

The rebate will appear as a lump sum credit on energy bills and will be in addition to the $300 electricity rebate provided by the Australian Government to households in 2024–25.

Eligible concession holders will continue to receive an additional $372 under the Queensland Electricity Rebate Scheme.

In addition, small businesses will receive a rebate of $650 this financial year.

On 5 August 2024, 50 cent fares will also come into play on all modes of public transport across the Translink network for a six-month period.

Commuters will be able to travel on South East Queensland trains, trams, ferries and buses, and all regional urban buses for just 50 cents per trip, while Airtrain tickets will reduce to half-price for six months, also from 5 August 2024.

These concessions and more form part of the biggest cost of living relief package ever for the state, helping Queenslanders with their household bills and putting downward pressure on inflation.

Find out more about the 2024–25 Budget, and Queensland Savers to check the cost of living concessions you may be eligible for.

EXAMPLES OF 50 CENT FARE SAVINGS FOR QUEENSLANDERS