It’s time to finalise tax
AROUND 260,000 Australians who received family assistance payments in 2014/15 are being reminded to finalise their tax requirements or risk missing out on their full entitlement for that year.
Department of Human Services General manager Hank Jongen said customers have 12 months from the end of each financial year to take action to ensure that they receive all the payments and supplements that may be available to them.
"The department is writing to these families over the next fortnight to advise them to lodge their 2014/15 tax return, or to let the department know that they are not required to lodge, by 30 June 2016," Mr Jongen said.
"The rate of Family Tax Benefit and Child Care Benefit paid to customers is calculated using the customer's family income estimate.
"At the end of the financial year, payments are balanced against the customer's actual income, to ensure they receive the correct entitlement, including the end of year Family Tax Benefit supplement."
Mr Jongen encouraged customers who are required to take action to consider digital service options.
Visit the department's website to find out more about these services or humanservices.gov.au/ taxtime to learn more about lodging your tax return for family assistance.