ATAR Notes: Forum
General Discussion => General Discussion Boards => News and Politics => Topic started by: Amnesiac on February 05, 2009, 10:48:33 am
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Does anybody want to explain what this campaign is? Thanks.
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Yeh im eligiblefor it Yay. Just hopes it happens considering the liberals have stated they wil vote against it.
check this out http://au.news.yahoo.com/a/-/newshome/5297380/rudd-commits-billions-australia-afloat
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Those earning up to $80,000 are eligible for a tax bonus of $950, while those earning between $80,000 and $90,000 will receive $600 and those earning between $90,000 and $100,000 will receive $300.
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there were also cash bonuses
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Hmm... I shall put it 2wards a new laptop, methinks.
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Does everyone get it? Say if I'm unemployed do I get it? And is it per family or per person?
(pending if this actually passes parliament)
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I heard that you have to be working to recieve it, but what does it mean when they say 'up to $80,000?' Can people earning like $1000-$2000 a year get it? That's all i earnt last financial year since i was in year 12 lol.
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I also think you had to be paying some form of tax to be eligible to receive it
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Oh I do work I forgot :) haha
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I didn't see a cent of the last stimulus package. :(
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Rudd paid for our new plasma TV :)
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If you're on YA, ABSTUDY or AUSTUDY, you will also receive $950. I'm not sure why the two payments wouldn't stack (e.g., if you receive YA but work part-time as well), but I don't know. If they do, $1900 would be a sweet amount of money...
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I didn't see a cent of the last stimulus package. :(
I did...
Muhahahahaha!!!
If you're on YA, ABSTUDY or AUSTUDY, you will also receive $950. I'm not sure why the two payments wouldn't stack (e.g., if you receive YA but work part-time as well), but I don't know. If they do, $1900 would be a sweet amount of money...
I was wondering the same thing... $950 or $1900?
Do students on YA working casual/PT get a stimulus double-shot?
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I just wanna know if i'm eligable lol.
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http://pm.gov.au/media/Release/2009/media_release_0784.cfm
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Tax Bonus for Working Australians of up to $950 paid to every eligible Australian worker earning $100,000 or less. This will support up to 8.7 million individuals.
I have a feeling this will just be extra tax rebates.. In which case many of us won't get a cent out of it as we usually don't earn enough to pay any tax [or go over the low income tax offset].
But it'll be bloody sweet if this isn't the case, as well as
$950 Training and Learning Bonus paid to students and people outside of the workforce returning to study to help with the costs of education and training.
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Mao, the government has stated that they want to make the payment to people by April I think so I'm very sure it's not a tax rebate.
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i really hope it goes ahead!! this $950 would be awesome. Much better then the 2010 tax cuts the liberals would prefer
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Mao, the government has stated that they want to make the payment to people by April I think so I'm very sure it's not a tax rebate.
nono, I meant, if the person has paid more than $950 in tax in the previous financial year, $950 is made payable. If a person has paid less than $950 in tax, then that amount is made payable.
Though I really hope that is not the case =\
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Oh I see.
asn't someone already said that the "up to" thing refers to how little money you make?
Those earning up to $80,000 are eligible for a tax bonus of $950, while those earning between $80,000 and $90,000 will receive $600 and those earning between $90,000 and $100,000 will receive $300.
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It says: $950 one off cash payments to eligible families, single workers, students, drought effected farmers and others
Does 'student' mean we all get it? I don't work so can I still get it??
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If the $950 thing actually happens, I will be forever grateful and I will forever vote for Labor :P
(well, they have already given me that $1000 from last year :P)
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"Independent Senator Nick Xenophon raised concerns about people "double-dipping" and receiving multiple cash payments.
Under questioning from the South Australian senator, an official from the Department of Families, Housing, Community Services and Indigenous Affairs confirmed that a student working part-time could receive a $950 bonus to help with academic costs and a $950 taxpayer bonus.
"Under eligibility for the back-to-school bonus, the family bonus and the tax bonuses, the eligibility is for each one individually," the official said."
http://news.ninemsn.com.au/national/741676/changes-could-delay-stimulus-by-months
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ATTENTION: THIS WILL MORE THAN LIKELY RELATE TO MOST VN MEMBERS
On Channel 7 News they just said that if you make less than $11,000 a year you will not receive a $950 payment.
I wonder though whether they base this on the last financial years income or in another way....
I just made over $11,000 last year but this financial year I'm not on my way to over $11,000.
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ATTENTION: THIS WILL MORE THAN LIKELY RELATE TO MOST VN MEMBERS
On Channel 7 News they just said that if you make less than $11,000 a year you will not receive a $950 payment.
I wonder though whether they base this on the last financial years income or in another way....
I just made over $11,000 last year but this financial year I'm not on my way to over $11,000.
what if you're on youth allowance and you're in VCE? And you fall in the mid income category, would you get the payment?
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Not sure.
Is there anywhere where we can view the bill in full? :S
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not sure i'll try look for it.
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Not sure.
Is there anywhere where we can view the bill in full? :S
try here?
http://www.aph.gov.au/bills/index.htm
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Download the bill which proposes $950 cash bonuses here
Im currently reading through it now.
Edit:
5 Entitlement to tax bonus
(1) A person is entitled to a payment (known as the tax bonus) for the 2007 08 income year if:
(a) the person is an individual; and
(b) the person is an Australian resident for that income year; and
(c) the person’s adjusted tax liability for that income year is greater than nil; and
(d) the person’s taxable income for that income year does not exceed $100,000; and
(e) the person lodges his or her income tax return for that income year no later than:
(i) unless subparagraph (ii) applies—30 June 2009; or
(ii) if, before the commencement of this Act, the Commissioner deferred the time for lodgment of the return under section 388 55 in Schedule 1 to the Taxation Administration Act 1953 to a day later than 30 June 2009—that later day.
Exception for persons aged under 18 without employment income etc.
(2) However, the person is not entitled to the tax bonus for the 2007 08 income year if:
(a) he or she is a prescribed person in relation to that income year and is not an excepted person in relation to that income year; and
(b) his or her assessable income for the income year does not include excepted assessable income.
6 Amount of tax bonus
If a person is entitled to the tax bonus for the 2007 08 income year, the amount of his or her tax bonus is:
(a) if the person’s taxable income for that income year does not exceed $80,000—$950; or
(b) if the person’s taxable income for that income year exceeds $80,000 but does not exceed $90,000—$650; or
(c) if the person’s taxable income for that income year exceeds $90,000 but does not exceed $100,000—$300.
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Here is the bill for those returning to study and for those receiving Family Tax Benefit A and B
Download here
Edit:
(5) A person cannot receive more than one payment under this section, regardless of how many times the person qualifies under this section.
From my interpretation this means that if you receieve Youth allowance and Family Tax Benefit A or AUSTUDY or anything else like that you can only claim $950.
However this bill is separate to the income bill so I think you could claim both the Youth allowance money of $950 and the low income bonus of $950.
(Although Im not 100% sure)
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so how do i claim
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I heard from the news students do it through Centrelink
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http://www.centrelink.gov.au/internet/internet.nsf/publications/ah1861.htm
it's all there in easy to read language, not legal jargon lol.
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ATTENTION: THIS WILL MORE THAN LIKELY RELATE TO MOST VN MEMBERS
On Channel 7 News they just said that if you make less than $11,000 a year you will not receive a $950 payment.
I wonder though whether they base this on the last financial years income or in another way....
I just made over $11,000 last year but this financial year I'm not on my way to over $11,000.
damn I wont get it then :'(
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http://www.centrelink.gov.au/internet/internet.nsf/publications/ah1861.htm
it's all there in easy to read language, not legal jargon lol.
They don't have the low income bonus one ???
ATTENTION: THIS WILL MORE THAN LIKELY RELATE TO MOST VN MEMBERS
On Channel 7 News they just said that if you make less than $11,000 a year you will not receive a $950 payment.
I wonder though whether they base this on the last financial years income or in another way....
I just made over $11,000 last year but this financial year I'm not on my way to over $11,000.
damn I wont get it then :'(
Well the thing on the news I cant verify from the bill. In the bill it says you just need to have a taxable income between nil and $80,000 to get the 950
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why don't u just read the age... it had a whole section devoted to it like yesterday and i think today as well
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I really had my eyes on getting the $950. When will we find out 100% for sure?
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http://www.centrelink.gov.au/internet/internet.nsf/publications/ah1861.htm
it's all there in easy to read language, not legal jargon lol.
According to that, I would qualify for the "One-off Training and Learning Bonus".
YAY!
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hahah, it appears I won't get anything.
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I don't think I'm eligible which is a shame. I work hard and pay quite a bit of tax (job and share trading) and think I deserve the $950 cash bonus. All I can think about right now is some of the tax I paid making its way into the pockets of 'working families' and not back into mine. Anyhoo
Why don't you think you're eligible?
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Um how ridiculous that it misses all students who earn under $11000 but whose parents earn too much to receive YA.. But whose parents arn't going to throwing $1000 at them instead because the YA income level is low enough to mean that they have no spare money whatsoever! Talk about shit.
I'll get Youth Allowance in May (once I'm 18 months out of school - indepent). Am I going to miss out on this by a month because if so fuck.
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I think you had to have met all the criteria as of February (when the bill was introduced)...like you had to have had YA as of feb (Im pretty sure I remember reading this in the actual bill itself).