The Cost of Living Payment is not taxable, and you don’t need to report it as income.
You’ll get it if you were residing in Australia on 29 March 2022, and:
- you were able to claim, or were getting an eligible payment
- you were able to get, or had an eligible concession card.
You’ll only get one Cost of Living Payment, even if you get more than one eligible payment or concession card.
To get the Cost of Living Payment you must be a Centrelink or Department of Veterans’ Affairs customer.