Centrelinks Basics Card - What do you all think?
I hadn't heard of this income management strategy that Centrelink has started introducing around Australia. Apparently it's been in use for at least a year now in some country towns in each state.
From what I gather it's use it to manage the persons money in a way so they can try and reduce alcohol/gambling/tobacco/porn consumption etc. It is to replace your current bank card & your payments go into the new Basics Card. They have a list of services & retail/customer service stores which accept this card.
I am on the fence about this scheme they're approaching as I don't know enough about it to make a decisions weather its best for centrelink customers or not. One side of me thinks it's good that they're trying to help families with substance abuse. But on the other hand isn't it a bit insulting to majority of people who are on centrelink benefits who are doing the ""right thing" & budgeting for the necessities already? I have to also question weather you are able to withdraw cash from the card to buy goods/food that's only obtainable with cash? for eg fruit & veg markets? A lot of businesses still don't have EFTPOS available at their store.
I couldn't find a good current link apart from an ACA or TT website so this was the best one to gain an understanding of it.