MEDIA HUB
As we get to the end of another financial year, people tend to focus on tax returns. But what do you need to know about Family Tax Benefit (FTB)?
Services Australia pays FTB Part A and B to about 1.6 million families across the country. If you get FTB, there are some things you need to do at the beginning of the financial year.
Families across the country are getting their balancing outcomes, with Services Australia in the thick of balancing family payments for 2019-20.
If a family disagrees with their Child Care Subsidy balancing outcome, or has information to provide that may impact their entitlement, we encourage them to call us on 136 150.
If someone does experience any issues, we work with them closely to resolve them.
If you get Child Care Subsidy, the Department of Human Services needs to balance your subsidy after the end of the financial year, to check you received the right amount.
What is balancing
If you get Family Tax Benefit fortnightly, the amount you’re paid during the year is based on your family income estimate.
As the end of the financial year gets closer, many families will be starting to think about tax time.
Watch the latest #DHSTV for an update from Hank Jongen about what’s happening at the Department of Human Services during July 2018.