Jump to content

Carbon tax compensation query


  • Please log in to reply
7 replies to this topic

#1 hawkchick

Posted 14 April 2012 - 09:19 AM

I read that the govt is paying their carbon tax compensation payments to eligible family tax benefit recipients in May and June.

We zero rate our Family Tax Benefit, so we choose to get it in a lump sum at EOFY instead of fortnightly. Usually though, when there's govt. money being handed out (such as the pre GFC payments given to families), we still receive them as we are still on the list of recipients.

With these carbon tax payments though, I'm pretty sure when DH and I lodge our tax for 2011/12 we are going to earn over the threshold and not be eligible for FTB this year...so do we then pay the carbon tax money back?

Anyone know how this works?

Why don't they just wait til next financial year starts to pay the money seeing as the carbon tax doesn't come in until then.

PS. Please refrain from any "well you earn so much and you want to keep money you're not entitled to" comments. I'm not saying that. I'm merely asking how the process works for those they pay and then later it turns out that you weren't eligible for this payment. Thanks.

Edited by Blish, 14 April 2012 - 09:29 AM.


#2 Guest_holy_j_*

Posted 14 April 2012 - 09:31 AM

You get it when you lodge your tax return, if you are eligible. They pay it in advance to "soften" the blow. Doesn't do you much good though.  biggrin.gif

#3 hawkchick

Posted 14 April 2012 - 10:24 AM

Thanks for replying. Im confused though. You said you get it when you lodge your tax return and in the same sentence you said they're paying it in advance...

Yeah, I think you're right - the paying in advance thing is to soften the blow to the community.

I'll have to phone centrelink I guess to sus it out. Don't want to get anything until after I've lodged my tax. If I'm eligible then that's fine but if I'm not, could do without the whole hassle.
I hate dealing with them. Maybe people like me, who choose to get their FTB in a lump sum, will get the carbon tax payments later on too.

Edited by Blish, 14 April 2012 - 10:34 AM.


#4 Roy G Biv

Posted 14 April 2012 - 10:39 AM

Any payments that are related to the Family Tax Benefit, where you claim as a lump sum, wont be paid until you make your claim. (so next FY)

I think some of the GFC payments were not related to FTB so that would be why you received them. The ones that were tied in were paid with your lump sum.

Edited by Roy G Biv, 14 April 2012 - 10:40 AM.


#5 hawkchick

Posted 14 April 2012 - 10:44 AM

QUOTE
I think some of the GFC payments were not related to FTB so that would be why you received them


The GFC payments (not the $900 per tax payer one) I'm referring to were the ones where each FTB Part A eligible recipient got $600 or so per child. Can't remember the exact figure...but I got money at the time.

So, hence the question re these carbon tax payments. I read in yesterday's news that people eligible for Family Tax Benefit Part A would receive $110 per child and this would be paid in May or June.

#6 ****lisa****

Posted 14 April 2012 - 10:50 AM


http://www.heraldsun.com.au/news/carbon-ta...o-1226326245475





lump sum cash payments would flow to families from May 16

#7 ****lisa****

Posted 14 April 2012 - 10:55 AM

This is more to the point of your question OP

http://www.heraldsun.com.au/news/more-news...2-1226326250756

#8 hawkchick

Posted 14 April 2012 - 11:07 AM

Ahhhh thanks Lisa, that's perfect. Answered my query and is the answer I wanted to hear.

Thanks everyone...I knew EB would once again be the source of all knowledge original.gif




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

 

Mum shares hilarious story about attempting shower sex

As most parents know, finding time for sex post-kids is one of life's not-so-little challenges.

16 things you'll learn on the preschool party circuit

Kids birthday parties sound fun in the abstract but the reality is they often end up an introverts worst nightmare – forced social interaction in the name of good parenting.

The 92-year-old who's a great-great-great-grandmother

A 92-year-old Canadian woman has become a great-great-great grandmother this week after the family welcomed a baby boy.

The Pramrolla mimics a walk in the park to help your baby get to sleep

Simply put the pram brake on, set the wheels on top of the Pramrolla, plug it in and off they go ... or so they think.

Beyonce shares surreal pregnancy photo shoot

Pop superstar Beyonce on Thursday released a slew of photos of herself posing pregnant and nude.

Airport staff order mum to squeeze her breasts to prove she's lactating

A Singaporean mum of two has spoken about her humiliation at the hands of German airport security guards who ordered her to prove she could breastfeed.

How to keep your baby or toddler safe at home

Child-proofing tips that will ensure your home remains a safe haven for curious toddlers and babies on the move.

Told to get rid of their dogs, this expectant couple took the sweetest photos instead

When the couple conceived their first human child they came under enormous pressure to give up their dogs.

Bereaved parents take baby home for 'family time' after death, thanks to cuddle cot

A bereaved mother has spoken about her decision to take her daughter's body home to spend time as a family before her funeral.

'Get off your phone!': the daycare note that's got people talking

A note posted by a US daycare facility has urged parents to get off their phone when collecting their children:

Babysitter's creative 'hands-free' baby carrier hack

We've all been there – you need to hold the baby, but you also need to eat.

Will these be the most on-trend baby names of 2017?

Nameberry has crunched the numbers, predicting which monikers will see a rise in 2017.

Firefighter adopts the baby he helped deliver

Five years ago firefighter Marc Hadden took an emergency call that changed his life.

Mum shares graphic image to highlight importance of rear-facing car seats for kids

A British safety blogger has shared a graphic photo of the damage a seatbelt can do in a car accident in a bid to persuade more parents to use rear-facing car seats for as long as possible with their kids.

Pharrell Williams and his wife welcome triplets

Now that's a good way to start the new year.

Turn yourself into a child's climbing gym with this wearable vest

It's such a neat idea for those living in high density apartment blocks where children may struggle to get enough physical activity.

Bugaboo unveils its new Bugaboo Bee5

The lightweight and compact Bugaboo Bee has been on the scene for a decade now.

The first few weeks of pregnancy: surreal, scary, exciting

It is okay to be worried, nervous, anxious, in love and happy all at the same time.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

From our network

Essential Baby & Toddler Show, presented by Blackmores

3-5 March 2017, Brisbane Convention & Exhibition Centre. Get your FREE ticket now. Save $20.

Your child's fine motor skills: what you should know

There is less of a focus on fine motor skills, but they're just as important as others. (SPONSORED)

5 ways music helps your toddler's development

There are at least five other compelling reasons to get musical around your toddler. (SPONSORED)

 

Free ticket offer

Essential Baby & Toddler Show, presented by Blackmores

3-5 March 2017, Brisbane Convention & Exhibition Centre. Get your FREE ticket now. Save $20.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.