A large group of people is supported by this payment—approximately 2.1 million New Zealanders will be eligible for the payment. The total payment of $350 will be split into three monthly instalments, each of around $160 million, with the first on 1 August, and this will be paid out by Inland Revenue. There is no application process. For those eligible, Inland Revenue will make the payment by direct credit into the person's New Zealand bank account. To achieve this, we need to make some relatively minor changes to tax legislation to allow Inland Revenue to make that payment using information that Inland Revenue already holds.