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Did you know, the Australian government is trialing a new way of delivering welfare payments using a cashless debit card in the suburb of Bankstown, NSW starting soon in 2017.
It has been successfully trialed in Ceduna, South Australia and it has brought down drunken violence by 41% and gambling as poker machines profits have dipped 15%.
The cashless debit card will look and operate like a normal bank debit card, except it cannot be used to buy alcohol, to gamble or withdraw cash. You still receive the full amount of your welfare payment; however, this will be split – some will go to your normal account and the rest will be put onto your cashless debit card. Only 20% can be withdrawn as cash. Read more at https://www.dss.gov.au/…/welfare-conditionality/cashless-de…
Please contact us to discuss Centrelink benefits for you at loans@financeandmortgage.com.au.
