Feb 13 2009
Payout Bills Passes!
Yesterday the news was bad for the economic stimulus bill - or as we like to call it here the government payout to taxpayers bill.
News is all good now - but the price is an additional $900 million- that was the price for Nick Xenophon to vote for the bill he rejected yesterday . I guess not many of us know what our price is but Nick Xenophon does - its $900 million to help the drought-stricken Murray Darling catchment - not a difficult guess as to what area of the country our Nick represents!
So along the way we lost $50 to the Greens so the payout is now $900 - but lets face it that’s $900 more than most people get from their governments! And really its not he government’s money because for certainly the taxpayers who are getting the payout to taxpayers
So just to recap to - be eligble for the $950 $900 payout to taxpayers:
- you need to have earned less than $100k in the 07/08 Australian tax year;
- you need to have earned more than around $11k otherwise you won’t have paid any tax that tax year,
- you need to have filed your tax return for that year - DUH - you are LATE - but you have until 30 June to file your tax return for 07/08 to get the payment.
In addition - yes you can get more than one $950 $900 payout
- if you are a full time student eligible for Austudy or Youth Allowance
- if you receive family assistance parts A or B for eligible children under the age of 18
Also make sure that centrelink (for the family benefit, student and other benefits linked payments ) and ATO (for payouts based on your 07/08 tax return) have your up to date addreses and bank a/c details - hate to delay getting the cash because the bank account number was wront for your $900 payout
4 Responses to “Payout Bills Passes!”
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I guess it could be worse. Our economy bailout is $900 billion for programs and pork that are sometimes so insane that I truly believe the USA is headed in the wrong direction now. As long as people believe the government is their saviour of money these bailouts will get worse and worse leaving the bill to others and to companies who will cut jobs to pay it. Is it the same in Australia?
So is there a date as to when we receive this payout?
I think there is an incredibly large gap here that is not addressed by the Stimulus package.
If you are a student (not eligible for Youth Allowance) (So basically a student who struggles to recieve any help or assistance from the government already), who earnt less than 10k in 2007/2008, you do not recieve payment because you havent paid any ‘tax’.
GREAT!