Electricity asset ownership dividend
Households are set to receive another $50 bill credit in 2020. The next $50 asset ownership dividend – the fourth dividend since 2018 – will be automatically credited, and appear on residential customers’ bills between September and November 2020, depending on their billing cycles.
Because Queensland’s power assets are publicly owned, Queenslanders are able to share in the dividends.
Around $200 million from the dividends of government-owned corporations has already been used to provide households with a $50 electricity bill credit in 2018 and 2019.
These rebates are in addition to any other energy rebate or concession for which a customer may be eligible.
Who is eligible to receive the asset ownership dividend?
The rebate is being provided to residential customers who are separately charged for their electricity.
Customers who don’t receive a separate electricity bill (e.g. where electricity is included as part of the rent) are not eligible to receive the dividend payment.
Arrangements are in place for customers with on-supply arrangements and customers using a card-operated meter. See below for details.
Households who pay their landlord, property manager, caravan park owner or body corporate in an on-supply arrangement are eligible for the rebate.
These customers will have the rebate credited to their bills by their on-supplier or utility billing company.
On-suppliers are required to lodge a claim (using form 517) with their electricity retailer.
Households using card-operated electricity meters are also eligible for the dividend payment, which will be automatically transferred to their orange power cards (linked card).