Kevin Rudd last night announced that the Australian government will once again be handing out money to low-middle income earners to help bolster the economy and weather the storm so to speak, encouraging spending and to help secure 90,000 jobs from being lost.
Workers, students and drought-stricken farmers will be showered with $12.7 billion in cash payments to provide short-term stimulus to the flagging economy. Source: The Australian
The Australian Tax Office is currently doing work in preparation for an April deposit into bank accounts for individuals as well as families who fall into the income bracket <$80,000. This group will receive the $950 as promised, and I believe that higher income earners will also receive something too, but not as large (in the order of $200-$300).
So look out for an increase to your bank account around April.