Time Limits for Family Assistance Payments
For the 2013-14 financial year, you have until 30 June 2015 to:
– submit a lump sum claim for FTB and Child Care Benefits
– submit a lump sum claim for the Single Income Family Supplement
– Confirm your income for FTB and Single Income Family Supplement
– Or to advise the ATO of a nil return.
– lodge your tax return
Taxpayers must also lodge their 2014 Individual income tax return by 30 June 2015 to receive their full Family Tax Benefit and SIFS entitlements.
This applies to payments that are a lump sum payment, as well as when payments have been received throughout the year.
Taxpayers who do not need to lodge an income tax return for the 2014 financial year, must notify Centrelink by 30 June 2015.
A delay in lodging after 30 June 2015 (even by one day) will result in not being paid your full Family Assistance entitlements by Centrelink.
BEWARE: A deferral past 30 June for tax matters is not taken into account by Centrelink!
If a lodgement time deferral for the 2014 Income Tax Return has been granted by the ATO, this does not change the Centrelink Family Assistance lodgement requirements.
Please give us a call should you require assistance with lodgement of your returns or if you require assistance with any of the above.
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