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How does HCG scheme works?


Updated by AIC

The grant amount depends on your monthly household income per person as well as the number of properties owned.

Monthly household income per person

Payout

$0 – $1,500
(or AV ≤ $21,000 for households without income)

$600

$1,501 – $3,600

$400

$3,601 - $4,800

$200

  • If you own multiple properties, you will receive the lower tier of $200 per month.

After you submit your application, we may take up to four weeks to process it. You will be informed about the outcome in writing via mail.

Once approved, payouts will be made to the nominated bank account in the following month. This may include payouts from the month the application was submitted. The payouts will be reflected as “HCG” in your bank statement.

In the event of any conflict, inconsistency or domestic dispute regarding the nominated bank account, the payouts may be suspended or ceased.

If you have submitted a new application to apply for new schemes or update your existing schemes with AIC, we may update your nominated bank account to the latest bank account details provided in your submission.

Click here to read more information about HCG.

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