Australian Government Stimulus Payments
#16
Re: Australian Government Stimulus Payments
How will it be paid...cheque, bank transfer...anyone know?
#18
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
Yes, both cheque and bank transfer.
If they have your bank details on record, it will be direct to that bank account.
If not, they will send a cheque to your recorded address.
Some people have their Tax Agent as the recorded address, in which case, your tax agent gets the payment.
You have time to change this now, if you wish.
#19
Forum Regular
Joined: Nov 2008
Location: WA
Posts: 222
Re: Australian Government Stimulus Payments
You would only be entitled to the Centrelink payment, not the Tax Office payment.
ie:
2 Payments, at $900 each, for the children if you receive FTB part A
and possibly:
1 Payment of $900, if one partner is also eligible for FTB part B.
Eligibility for these, relate to you being eligible for an FTB payment on Feb 3rd 2009.
This eligibility can be backdated by Centrelink for those who claim late, but are still deemed to qualify for FTB payments for that date.
Your payment "may" be delayed until the end of the year, depending on how Centrelink treat your claim.
ie:
2 Payments, at $900 each, for the children if you receive FTB part A
and possibly:
1 Payment of $900, if one partner is also eligible for FTB part B.
Eligibility for these, relate to you being eligible for an FTB payment on Feb 3rd 2009.
This eligibility can be backdated by Centrelink for those who claim late, but are still deemed to qualify for FTB payments for that date.
Your payment "may" be delayed until the end of the year, depending on how Centrelink treat your claim.
#20
Re: Australian Government Stimulus Payments
If I used an agent to do my tax return the money will go there unless I call the tax office tomo and give them my address details?
IF I am a resident for tax purposes, as have passed the 183 day rule, did my tax return last year through an agent, as a resident....am i entitled??
cheers
IF I am a resident for tax purposes, as have passed the 183 day rule, did my tax return last year through an agent, as a resident....am i entitled??
cheers
#21
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
There are three main components:
Single Income Family Bonus
$900 payable to Single and Double Income families (yes, I said double income) who qualify for FTB Part B on 3rd Feb 2009
Back to School Bonus
$900 per child, for any child, whether they go to school or not, as long the parent/guardian is eligible for FTB part A as at 3rd Feb 2009, and the child was aged between 4 and 18 on that date.
Tax Bonus for Working Australians
$900 for every Taxpayer that was "Resident for Australian tax" in the 2007/2008 tax year AND earned under $80,000 AND paid some tax for that year. A smaller payment is available to those earning between $80,000 and $100,000.
More details at http://www.britzinoz.com/page.php?177
This can mean that a Husband and Wife, both working, "could" both get $900 each for earning under $80,000 each
+
$900 for The single income family bonus, if they are eligible for FTB part B
+
$900 per child, if eligible for FTB part A.
#22
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
If I used an agent to do my tax return the money will go there unless I call the tax office tomo and give them my address details?
IF I am a resident for tax purposes, as have passed the 183 day rule, did my tax return last year through an agent, as a resident....am i entitled??
cheers
IF I am a resident for tax purposes, as have passed the 183 day rule, did my tax return last year through an agent, as a resident....am i entitled??
cheers
Resident bit = They are working on income for the 2007/2008 year, so I would assume residence rule as at June 30th 2008.
#23
Re: Australian Government Stimulus Payments
You would only be entitled to the Centrelink payment, not the Tax Office payment.
ie:
2 Payments, at $900 each, for the children if you receive FTB part A
and possibly:
1 Payment of $900, if one partner is also eligible for FTB part B.
Eligibility for these, relate to you being eligible for an FTB payment on Feb 3rd 2009.
This eligibility can be backdated by Centrelink for those who claim late, but are still deemed to qualify for FTB payments for that date.
Your payment "may" be delayed until the end of the year, depending on how Centrelink treat your claim.
ie:
2 Payments, at $900 each, for the children if you receive FTB part A
and possibly:
1 Payment of $900, if one partner is also eligible for FTB part B.
Eligibility for these, relate to you being eligible for an FTB payment on Feb 3rd 2009.
This eligibility can be backdated by Centrelink for those who claim late, but are still deemed to qualify for FTB payments for that date.
Your payment "may" be delayed until the end of the year, depending on how Centrelink treat your claim.
The Centrelink website states:
Single Income Family Bonus:
Recipients of Family Tax Benefit Part B $950 per family
Could it be due to 'lag' between legislative changes and website publishing?
Last edited by DunRoaminTheUK; Feb 16th 2009 at 2:58 am.
#24
Migration Agent
Thread Starter
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Australian Government Stimulus Payments
I had a look at the legislation yesterday, and believe the reduction from $950 to $900 only applies to the tax rebate, not to the CL elements of the "stimulus packages."
Best regards.
Best regards.
#25
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
The website probably hasn't been updated yet. They are a bit busy these days...
#26
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
You got me worried with that, but I'll blame Wayne Swan if I am wrong, as he told Centrelink the FTB payments are down to $900.
#27
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
2009 Updated Economic and Fiscal Outlook
Single-Income Family Bonus
and some extra bits :
For two‑parent families where the highest income earner has an income of $150,000 per year or less, and the lower earner has an income less than $22,995 per annum, they can still get the Single-Income Family Bonus.
They can still get the Single-Income Family Bonus on a joint income of $172,990 !!!!!!
I don't know what else to say... well I do, but I shouldn't say it...
Single-Income Family Bonus
The Government is providing additional financial assistance to families who rely one main income earner. This includes, sole parent families and two‑parent families where one parent chooses to stay at home or balance some paid work with caring for children.
The Bonus will be a one‑off payment of $900 per family to every family entitled to Family Tax Benefit Part B (FTB‑B), irrespective of the number of children. The one‑off payment will be made in the fortnight commencing 11 March 2009 for families who receive their family assistance as fortnightly instalments.
The Hon Wayne Swan MP
The Bonus will be a one‑off payment of $900 per family to every family entitled to Family Tax Benefit Part B (FTB‑B), irrespective of the number of children. The one‑off payment will be made in the fortnight commencing 11 March 2009 for families who receive their family assistance as fortnightly instalments.
The Hon Wayne Swan MP
For two‑parent families where the highest income earner has an income of $150,000 per year or less, and the lower earner has an income less than $22,995 per annum, they can still get the Single-Income Family Bonus.
They can still get the Single-Income Family Bonus on a joint income of $172,990 !!!!!!
I don't know what else to say... well I do, but I shouldn't say it...
#28
Migration Agent
Thread Starter
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Australian Government Stimulus Payments
Have a read of the Bill as it passed Parliament on Friday last, at:
http://parlinfo.aph.gov.au/parlInfo/...ec=1;resCount=
My reading is that the Single Income Family Bonus is now $900, but that the Back to School Bonus remains at $950.
Best regards.
http://parlinfo.aph.gov.au/parlInfo/...ec=1;resCount=
My reading is that the Single Income Family Bonus is now $900, but that the Back to School Bonus remains at $950.
Best regards.
#29
Guest
Posts: n/a
Re: Australian Government Stimulus Payments
Have a read of the Bill as it passed Parliament on Friday last, at:
http://parlinfo.aph.gov.au/parlInfo/...ec=1;resCount=
My reading is that the Single Income Family Bonus is now $900, but that the Back to School Bonus remains at $950.
Best regards.
http://parlinfo.aph.gov.au/parlInfo/...ec=1;resCount=
My reading is that the Single Income Family Bonus is now $900, but that the Back to School Bonus remains at $950.
Best regards.