Working with the Family Tax Benefit System presentation

Published on 12 Mar 04 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

The Family Tax Benefit system has been in existence since 1 July 2000 but continues to cause difficulties for many taxpayers and advisers. Often taxpayers are requested to repay benefits overpaid to them whilst sometimes claims that should be made in tax returns are often overlooked. This presentation examines the following issues:
- the different forms of family assistance
- the major reasons for errors being made
- when to claim via the tax return
- how the baby bonus works
- how the parenting payment differs from family tax benefit.

Author profile

Mark MOFFATT

Financial Industry Liaison & State FIS Coordinator, Centrelink. Mark has 27 years experience in Social Security policy issues, 13 years in financial information and provides the industry with technical information, updates and strategies.
Current at 12 March 2004

More by Mark MOFFATT

• Working with the Family Tax Benefit System convention paper - 12-March-2004
• Centrelink trust and companies update - 02-May-2002
• Social Security Update - 04-May-2001
• Social Security: Private Trusts & Companies - 27-March-2001
• The Government Bites Again- Social Security Update - 04-May-2000
• Social security changes - the impact on the accounting profession - 28-March-1996

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